The European Union has again introduced tariff quotas for sugar imports from Ukraine under the Deep and Comprehensive Free Trade Area Agreement, reported Ukrinform .
This move is relevant to a review of autonomous trade measures, introduced on 6 June 2024, as stated by the Directorate-General for Agriculture and Rural Development of the European Commission, Ukrinform further added.
Under the new trade measures, an “emergency brake” mechanism will be set up for seven agricultural products. It automatically triggers whenever the imports are higher than the annual average recorded between 1 July 2021 and 31 December 2023. For sugar, it is 262,652.68 tons.
As imports of sugar from Ukraine have already exceeded these volumes since the beginning of 2024, any further imports will be done under the most favoured nation regime. This is after a quota for sugar exports to the EU was fully exhausted, having hit the 262,000 tons limit.
A new tariff rate quota will be in place from 1 January 2025 until 5 June 2025. Regarding sugar, such a quota corresponding to five-twelfths of the “emergency brake” threshold shall be set at 109 438,62 tonnes.
