European Commission proposes temporary tariff cuts for Ukrainian exports to EU

[dipsydoodle]

Source: Kyiv Post

Brussels – The European Commission adopted a proposal for temporarily removing customs duties on Ukrainian exports to EU countries, in particular by Nov. 1, 2014.

The relative decision was taken in Strasbourg on Tuesday at the sitting of the European Commission and sent for a final approval to the EU Council and European Parliament.

"The European Commission is committed, and ready, to support Ukraine to stabilize its economic and financial situation", said European Commission President José Manuel Barroso.

He noted that "last Thursday, the EU Heads of State and Government welcomed the EUR 11 billion package of support for Ukraine presented by European Commission."

"The commission is moving ahead fast with the implementation of this support package, and today has adopted the first of the foreseen measures – a set of trade provisions that will represent an economic benefit to Ukraine of around 500 million euros per year. This proposal is a concrete, tangible measure of EU support for Ukraine," the EC president said.




Read more: http://www.kyivpost.com/content/business/european-commission-proposes-temporary-tariff-cuts-for-ukrainian-exports-to-eu-339060.html

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Good idea - will help Ukraine discover how much they are likely to export to the EU. Mainly produce I guess - in general their electrical goods cannot currently be exported to the EU : they lack the necessary licenses.

[go west young man]

1. At least this is a good move that will

directly help the regular working people of Ukraine.

[quadrature]

2. so how much is the tariff?...nt

[dipsydoodle]

4. Some scrapped completely - see #3 below.

Affects agricultural products mainly as suspected.

[quadrature]

5. how much was it 'before' ?

I am expecting some percentage such as
1%, 5%, 100%, 453636%......

I give up,
how much?

[dipsydoodle]

6. I searched but couldn't find an answer

Only reference used the expression "low".

[dipsydoodle]

3. Re-expressed now

Ukraine crisis: EU offers Kiev $700m in trade breaks.

The European Commission has offered Ukraine trade incentives worth nearly 500m euros ($694m; £417m) to stabilise the country's crisis-hit economy.

Commission President Jose Manuel Barroso said import duties would be cut on some Ukrainian goods.

http://www.bbc.co.uk/news/world-europe-26531721

EU offers trade benefits to Ukraine to bolster Kyiv.

The European Commission has moved to offer 500 million euros worth of unilateral trade benefits to Ukraine, scraping import duties on agricultural goods and other products.

The decision comes into effect immediately and will last until at least Nov.1.

http://www.euronews.com/2014/03/11/eu-offers-trade-benefits-to-ukraine-to-bolster-kyiv/