Ukraine: New trade rules with Ukraine a proposal of lifting customs restrictions made by EU Com.

The European Commission announced that it aims to implement special customs measures in regards to Ukraine and goods originating from Ukraine.

What is the scope of the proposed regulation?

The Commission is proposing a Regulation of the European Parliament and of the Council introducing trade-liberalisation measures in the form of the three following measures, which should apply for a period of one year: 

  • Temporary suspension of all outstanding tariffs under Title IV of the Association Agreement between the EU and Ukraine establishing a deep and comprehensive free trade area (DCFTA).This concerns three categories of products:
    • industrial products subject to duty phase out by the end of 2022; 
    • fruits and vegetables subject to the entry-price system; 
    • agricultural products and processed agricultural products subject to tariff-rate quotas. 
  • Temporary non-collection of anti-dumping duties on imports originating in Ukraine as of the date of entry into force of this Regulation;  
  • Temporary suspension of the application of the common rules for imports (safeguard) with respect to imports originating in Ukraine.  

What does it mean?

That would mean that among other things:

– the existing preferential rules of origin in regards to Ukrainian goods would be widened,

– exemption of Ukrainian steel from safeguard measures that limit imports, 

– liftng anti-dumping tariffs the EU currently imposes on Ukrainian steel tubes, hot-rolled flat steel products and ironing boards.

If such regulation would be implemented in the current form, it would enter into force on the day following that of its publication in the Official Journal of the European Union.

Our support

If, as a part of your business, you are importing goods from Ukraine that are subject to customs duties, please feel free to contact us. We will gladly meet with you and explain what the regulation could bring for you and how you could use it for your own benefit. 

Might you have any questions, we remain at your disposal.

Contact

Marcin Majewski, PwC Poland, marcin.majewski@pwc.com
Piotr Kochanecki, Pwc Poland, piotr.k.kochanecki@kbaur002

Image source: http://unsplash.com

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