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Economic Indicators

Ukraine’s farm unions ask government to protect free EU market access

2024.02.05 09:39


© Reuters. A lady takes a selfie with a grain terminal in a background within the sea port in Odesa after restarting grain export, as Russia’s assault on Ukraine continues, Ukraine August 19, 2022. REUTERS/Valentyn Ogirenko/File Photo

By Pavel Polityuk

KYIV (Reuters) – Ukrainian agrarian unions have requested the government to do all the pieces attainable to preserve free access to the European market for his or her meals merchandise, the UCAB affiliation stated on Monday.

The European Commission final week stated it will prolong the suspension of import duties on Ukrainian exports, initially put in place to assist the financial system after Russia’s invasion two years in the past, for one more yr to June 2025.

However, it additionally proposed measures to restrict agricultural imports from Ukraine and provide larger flexibility on guidelines for fallow land in a bid to quell protests by indignant farmers in France and different EU members.

“These preferences were particularly important for Ukraine’s agricultural sector… enabling Ukrainian exporters to maintain production and jobs and ensure foreign exchange earnings in 2022-2023,” the UCAB enterprise affiliation stated on Facebook (NASDAQ:).

UCAB stated exports of meals merchandise in 2023 totalled $21.9 billion and accounted for 61% of all exports from Ukraine.

At the identical time, the EU’s share of complete agricultural merchandise from Ukraine in 2023 reached 56.6% or $12.4 billion.

UCAB stated that the problem of sustaining essentially the most open access to the EU market could be very important for the nation’s commerce stability within the coming years and the survival of Ukraine’s agricultural sector.

“The agricultural community calls on the authorities to facilitate the continuation of preferential access to the EU market for Ukrainian agricultural products and to establish a direct dialogue with European partners,” it famous.

The EU suspended import duties, quotas and commerce defence measures in June 2022 however low cost Ukrainian grain exports have since sparked protests by governments, farmers and truckers in neighbouring nations corresponding to Poland and Hungary.

Ukraine is a worldwide producer and exporter of agricultural merchandise and has historically used sea routes to provide meals to nations in North Africa, the Middle East and Asia.

However, after the Russian invasion blocked the nation’s fundamental Black Sea ports, Ukraine was pressured to divert its cargoes via land borders with some items settling in neighbouring markets and miserable costs.

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