The European Union plans to deepen cooperation with Ukraine in the field of agricultural trade under a new trade agreement that comes into effect on October 29. Christoph Hansen, the European Commission’s representative for agriculture, emphasized the EU’s commitment to increasing the volume of bilateral agricultural trade between Ukraine and EU countries.
This is reported by Finway
Opportunities for Ukrainian and European Farmers
The updated trade agreement provides for the expansion of tariff quotas on agricultural products. This means that the number of goods that Ukrainian producers can export to the EU without additional duties will be increased, and opportunities for exporting products from Europe to Ukraine will also be expanded. As Christoph Hansen noted, this creates additional benefits for farmers on both sides, contributing to the development of the agricultural sector in both Ukraine and EU countries.
“Not only Ukraine’s imports to the EU, but also the EU’s exports to Ukraine. Here we also have the liberalization of many tariff lines, which will bring direct benefits to our farming community,” he emphasized, adding: “It is very important to find a balance between providing greater access and economic advantages to Ukrainian producers, while also supporting solidarity with our farming community.”
Standards Requirements and Trade Predictability
In addition to expanding trade opportunities, Ukraine has committed to adapting its agricultural production to EU standards by 2028. This will be an important step in the country’s further euro-integration process and will open new prospects for Ukrainian producers in the European market.
At the same time, the new tariff quotas will contribute to increased predictability in trade and will allow for the removal of unilateral bans on the import of certain categories of Ukrainian agricultural products that have been imposed by some EU countries.