The European Parliament and the European Council have reached a preliminary agreement on the extension of trade liberalization for Ukraine, providing protective measures for EU farmers, the press service of the European Parliament reports, citing the relevant agreements reached on Monday.

"MEPs and the Council presidency agreed on suspending import duties and quotas on Ukrainian agricultural exports to the EU for another year, until June 5, 2025, to support Ukraine amidst Russia’s continuing brutal war of aggression. These unilateral trade liberalization measures will help stabilize the Ukrainian economy and facilitate the country’s gradual integration into the EU’s internal market," the report says.

"Should there be significant disruption to the EU market or the markets of one or more EU countries due to Ukrainian imports, for instance wheat, the regulation ensures that the Commission can take swift action and impose any measures it deems necessary," it says.

"As part of reinforced safeguard measures to protect EU farmers, an emergency brake can be triggered for particularly sensitive agricultural products, namely poultry, eggs, sugar, oats, groats, maize, and honey. Negotiators agreed to extend the reference period used as a base for triggering this automatic safeguard, meaning that if imports of these products surpass the average of import volumes recorded in the second half of 2021, and all of 2022 and 2023, tariffs would be re-imposed. In addition, the Commission commits to step up its monitoring of imports of grain, in particular wheat," according to the document.

"The co-legislators also endorsed a commitment by the Commission to discuss permanent tariff liberalization with Ukraine under the review process of the Association Agreement as soon as the legislative procedure on the temporary liberalization is completed, and to keep the Parliament closely involved in the process," the report reads.

"The ripple effects of Russia's relentless targeting of Ukraine and its economy are being felt by EU farmers. Under this new agreement with the Council, we have fortified safeguards to protect EU farmers in case of market turbulence sparked by Ukrainian imports. By extending the trade support measures for another year, this agreement is also a testament to the EU's continued solidarity and unwavering support for Ukraine in the face of Russia's brutal war of aggression until Ukraine's victory,” rapporteur Sandra Kalniete (EPP, Lithuania) said.

"Parliament’s plenary is likely to vote on the regulation during the second part-session in April. The current trade measures expire on June 5, 2024, and new regulations should enter into force immediately following this date," reads the statement.