26 October 2016

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EU expands quotas for Ukrainian goods

The European Union has agreed to expand quotas for the Ukrainian exports of cereals, tomatoes, honey, fertilizers, footwear, electronic equipment, and certain metals, according to European Commissioner Cecilia Malmstrom.

Photo from UNIAN
Photo from UNIAN

"I am glad to be able to bring some good news to our Ukrainian friends. Yesterday, the European Commission adopted a proposal to give Ukrainian producers more and better access to the EU market for a number of agricultural and industrial products, such as cereals, processed tomatoes and honey, but also fertilizers, footwear, electronic equipment and certain metals," Malmstrom wrote in her blog.

The European Commissioner added that in this proposal, the Bloc will top up the amounts of exports allowed by the Ukraine-EU Association Agreement. "I believe that these improvements can bring tangible economic and political support to Ukraine, given the complicated situation in which this country is," Malmstrom wrote.

Ukraine PM advocates for increasing EU quotas on Ukrainian agri-exports"The progress so far is clear. The Ukrainian economy is now growing again, and its exports to the EU increased by 5% in the first few months since our Association Agreement became effective. As we go further, I want our partners in Ukraine to know that they can count on the full support of the EU, each step of the way," wrote the EU Commissioner.

The DCFTA was enforced on January 1 2016. The Ukrainian exports grew by 6.7% in January-July 2016 compared with the same period last year, amounting to $6.5 billion.

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