Edition: International | Greek
MENU

Home » Europe

The EU triggers emergency brake on oats imports from Ukraine

The cereal is the first agricultural product that will no longer be exempted from duties as of Wednesday

By: EBR - Posted: Wednesday, June 19, 2024

“For oats, this average is 2.440,56 tonnes,” the European Commission said in a press release on Tuesday (18 June). Imports since the beginning of 2024 “are above this volume,” the bloc’s executive added, announcing the reintroduction of the tariff quota from the 2016 free trade agreement with Ukraine.
“For oats, this average is 2.440,56 tonnes,” the European Commission said in a press release on Tuesday (18 June). Imports since the beginning of 2024 “are above this volume,” the bloc’s executive added, announcing the reintroduction of the tariff quota from the 2016 free trade agreement with Ukraine.

by Angelo Di Mambro

The cereal is the first agricultural product that will no longer be exempted from duties as of Wednesday (19 June), because it exceeds the cap fixed in the latest regulation on temporary trade benefits for Ukraine.

Oats is one of the sensitive products covered by the autonomous trade measures for Ukraine, aimed to help Kyiv’s economy, entered into force on 6 June.

After months of protests by farmers, especially in the countries bordering Ukraine, EU lawmakers began gruelling negotiations on the regulation.

The final agreement reflected the tensions in the European Parliament and the EU Council and included a clause for the automatic reintroduction of duties and tariffs if the imports of “sensitive products” – poultry, eggs, sugar, oats, maize, cereals, and honey – rise above the average of a reference period from the second half of 2021 to 2023.

“For oats, this average is 2.440,56 tonnes,” the European Commission said in a press release on Tuesday (18 June). Imports since the beginning of 2024 “are above this volume,” the bloc’s executive added, announcing the reintroduction of the tariff quota from the 2016 free trade agreement with Ukraine.

At the end of May, Ukrainian producers warned that also sugar was close to the limits, and called on Kyiv to close the border for the exports of sugar to the EU till the end of 2024.

According to the European Commission, Ukraine also exports oats to the EU but also to many third countries, mainly in Asia and North Africa.

From January to May 2024, Ukraine’s grain exports via Romania’s Black Sea port of Constanta, fell by 44% on the year to 3.5 million metric tons, the port authority told Reuters on Tuesday, with Kyiv increasingly relying on its own ports.

*first published in: Euractiv.com

READ ALSO

EU Actually

President Ursula von der Leyen has seen better days

N. Peter KramerBy: N. Peter Kramer

EU leaders, member states, MEPs, EP political groups have had it with Commission President Ursula von der Leyen.

Europe

The EU Needs a Third Way in Iran

The EU Needs a Third Way in Iran

European reactions to the war in Iran have lost sight of wider political dynamics. The EU must position itself for the next phase of the crisis without giving up on its principles.

Business

The EU’s zig-zag road towards stronger financial markets

The EU’s zig-zag road towards stronger financial markets

Giles Merritt delves into the confusing welter of efforts to streamline Europe’s national financial players into a more dynamic single capital market

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2026. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron