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EU plans to fasttrack Ukraine trade package

[ March 13, 2014   //   ]

The European Commission is planning to open its borders early to Ukrainian products, effectively bringing forward its own concessions contained in a Deep and Comprehensive Free Trade Area due to come into force in November to June. The plan depends on the European Parliament voting in favour of the plan at its session in late April with the Council following suit. The EU would remove customs duties on most industrial productswith duties on some sensitive products, such as chemicals, reduced. Tariffs would also be listed for about four fifths of Ukraine’s agricultural products, with quotas with zero duties for some sensitive products, such as cereals, pork, beef and poultry. There will also be strict controls on origin; products from Crimea would benefit from the deal but not those from Russia.

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