Economic effect from raising EU quotas for Ukrainian farmers could reach $200 mln

16:58, 30.09.2016 1 min read

Ukrainian Deputy Prime Minister for European and Euro-Atlantic integration Ivanna Klympush-Tsintsadze has estimated the economic impact of a possible increase in EU quotas for Ukrainian agricultural products could reach $ 200 million.

"We received proposals yesterday, and preliminary assessments by our Ministry of Agrarian Policy stand at about $200 million. It is farm produce alone, the industry," she said after a joint briefing with European Commissioner in charge of EU trade policy Cecilia Malmstrom in Kyiv on Friday.

However, Klympush-Tsintsadze added that the European Commission did not agree to increase quotas on a number of other products Ukraine proposed, namely on chicken and turkey and apple juice. In her words, the EU refusal to increase the mentioned quota now does not mean that they won't be increased in future.