European Commission Unveils Proposal to Drop All Import Duties on Ukrainian Goods
The EU laid out a plan to suspend all import duties on Ukrainian exports for one year to aid the Ukrainian economy through its war with Russia, the European Commission announced. In all, the proposal would have the EU lift all import duties, including antidumping and safeguard measures currently in place on Ukrainian steel shipments. The U.K. announced an identical move April 25, offering to cast off all tariffs on goods from Ukraine (see 2204260018). Along with broadcasting its intention to do the same, the commission said that the EU is also taking steps to "facilitate overland goods transport to help get Ukrainian products out into the world."
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“Russia's unprovoked and unjustified aggression is severely affecting the Ukrainian economy," European Commission President Ursula von der Leyen said in a statement. "I have been in discussions with President [Volodymyr] Zelensky on ways of supporting the economy, beyond the macro-financial assistance and grants we are providing. We both agree on the critical importance of a quick and broad import duty suspension to boost Ukraine's economy. The step we are taking today responds to this call. It will greatly facilitate the export of Ukrainian industrial and agricultural goods to the EU. We continue to stand by Ukraine in these dire times.”