EU Extends Tariff-Free Access for Ukrainian Food Amidst Russian Invasion

European Union lawmakers approved on Thursday granting Ukrainian food producers tariff-free access to EU markets for another year, rejecting amendments that could have increased restrictions. The International Trade Committee of the European Parliament approved on Thursday the extension of trade liberalization to support Ukraine amidst the Russian invasion, according to a statement. The legislation, proposed by the European Commission, will renew the temporary suspension of import duties and quotas on Ukrainian agricultural imports for another year until June 2025, the statement said. The bill also stipulates that tariffs would be re-imposed on particularly sensitive agricultural products, namely poultry, eggs, and sugar, if their imports exceed the average 2022 and 2023 volumes, the statement said....