EU to suspend all duties on imports from Ukraine

The European Commission has proposed suspending import duties on all Ukrainian exports to the European Union for one year.

EU Trade Commissioner Valdis Dombrovskis said on Wednesday, adding that the proposal is termed “an unprecedented gesture of support for a country at war.’’

The proposal envisages the suspension for one year of all EU anti-dumping and safeguard measures in place on Ukrainian steel exports.

It is designed to help boost Ukraine’s exports to the EU and help alleviate the difficult situation for Ukrainian producers and exporters in the face of Russia’s military invasion.

“The EU has never before delivered such trade liberalisation measures, which are unprecedented in their scale. Also granting Ukraine zero tariff, zero quota access to the EU market.’’

The EU Parliament and the EU countries still have to approve the measure, and changes to the proposal were possible.

dpa/NAN