EU [preparing] to impose much higher tariffs on Ukrainian imports
c/europe · u/cm0002@lemmy.world · 22 points
Paywall Bypass Link: https://archive.is/g2cjw
>The EU is preparing to apply much higher tariffs on Ukrainian imports within weeks, hitting Kyiv’s economy at a crucial time in its fight against Russian aggression.
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>The decision to abruptly end special trade arrangements — which allowed most Ukrainian goods to enter the EU duty free — came after Poland led a push to protect the bloc’s farmers, according to diplomats.
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>The EU has an existing free trade deal with Ukraine but went further in the wake of Moscow’s 2022 invasion and temporarily suspended remaining duties.
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>These arrangements lapse on June 6 and the EU is planning to replace it with “transitional measures” while the two sides update their overall trade agreement.