The European Commission proposed extending the suspension of import duties on Ukrainian exports to the European Union by one more year on Wednesday, with the renewed framework seeking to include a "reinforced safeguard mechanism" that would deal with potential disruptions in the market.
Concurrently, the Commission also suggested extending the suspension of all remaining duties on Moldovan imports, which have been effective since July 2022. The proposed action will also include an "emergency brake" for the import of the most sensitive products, including poultry, eggs, and sugar, aiming to prevent an influx of cheaper imports that could negatively impact the farmers in the bloc.
"This proposal strikes the right balance: we are maintaining our economic support for both countries while taking EU farmers' interests and sensitivities fully into account. This will achieve the dual objective of helping to keep Ukraine's and Moldova's economies going," Executive Vice-President and Commissioner for Trade Valdis Dombrovskis said in the statement.
