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Duties
The EU's emergency trade measures, which removed duties and quotas on Ukrainian exports, expire on June 5.
Revenues from exports to the EU account for nearly a tenth of Ukraine's total export income ($41 billion in 2024), the Financial Times reported.
Ukraine hopes the EU will continue these measures, especially given the uncertainty over long-term U.S. support.
Poland, Hungary, Slovakia and Bulgaria, oppose Ukraine's increased market access, fearing competition for their farmers.
The lack of an agreement would send a very wrong signal.
“The European Union is our key trading partner, so it would be really devastating for us if we were back in a situation like before the war,” Finance Minister Serhiy Marchenko said.
The most likely option is a temporary extension of the current agreement, but negotiations are progressing slowly and time is running out.
“Our producers need predictability on exports, the EU cannot start negotiations a week before the end of the current regulation,” he said.
Photo: uga.ua.
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