AreaEuropean Union

Commodity GroupGrains

CommodityAll

Date20/03/2024

Policy CategoryTrade

Policy InstrumentImport tariff

DescriptionThe European Parliament and European Council reached a provisional agreement to extend the temporary suspension of import duties and quotas on Ukrainian agricultural exports to the EU (which were introduced in June 2022 for one year, subsequently extended for another year, and set to expire in June 2024) until June 2025, while also allowing for the reimposition of wheat tariffs if import volumes exceed their average levels from 2022 and 2023.