In an address on Wednesday, Ukrainian President Volodymyr Zelensky said he is grateful to European Commission President Ursula von der Leyen for the European Union's proposal for a series of temporary “trade-liberalizing measures” for Ukraine, APA reports citing CNN.
“An important decision of the European Union is being prepared,” Zelensky said in the address posted to social media, “the European Commission has agreed to remove all duties and quotas on Ukrainian exports for a year, as well as to suspend anti-dumping tariffs.”
He went on to say, “I discussed the details of this proposal with President Ursula von der Leyen today. I am grateful to her personally and to all our European friends for this step.”
According to the European Commission, the measure would enable Ukraine “to maintain its trade position with the rest of the world and further deepen its trade relations” with the European Union. The Commission proposal would remove all tariffs, import duties on industrial products, fruit and vegetables as well as drop quotas on agricultural and processed agricultural products.
Zelensky said while this measure will allow Ukraine to maintain its economic activity, that “sufficient export” of Ukrainian products to European and global markets will also be a “significant anti-crisis tool” amid Russia’s attempts to “provoke a global price crisis.” He added that Ukrainian exports will help stabilize markets and that such trade measures are beneficial for all Europeans and for “residents of all countries that can be affected by Russia's destructive ambitions.”
“It is because of this war waged by Russia that dozens of states have found themselves in a situation where they cannot be sure of stability for their people,” Zelensky said.
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