EU to Reboot Tariff Quotas on Kyiv Exports This Year, Costing Billions

EU to Reboot Tariff Quotas on Kyiv Exports This Year, Costing Billions

The EU has decided not to extend its pause on duties and quotas on Ukrainian exports beyond this summer – dealing a potentially huge blow to Ukraine’s economy. An exclusive by Kyiv Post.

Ukraine may annually lose about $1.5 billion in exports to the countries of the European Union if it returns to the preconditions of a free trade zone with tariff quotas, writes in the article “Abolition of EU trade preferences. Four scenarios for Ukrainian exports” journalist Viktor Konev. The author recalls that the autonomous trade preferences introduced by the European Union in 2022 for Ukraine (the abolition of tariff restrictions for the a…