EU agrees to al­low in more Ukraine ex­ports

Kuwait Times - - BUSINESS -

EU for­eign min­is­ters ap­proved yes­ter­day mea­sures to al­low Ukraine to ex­port more in­dus­trial and agri­cul­tural prod­ucts free of tar­iffs to the bloc in recog­ni­tion of re­forms un­der­taken by Kiev and the coun­try’s frag­ile econ­omy. By the end of Septem­ber, Ukraine will be able to ex­port greater ton­nage of farm prod­ucts, in­clud­ing grains, honey and pro­cessed toma­toes for three years.

The EU will also re­move for the same pe­riod im­port du­ties on fer­tilis­ers, dyes, footwear, cop­per, alu­minium, tele­vi­sions and sound record­ing equip­ment.

The mea­sures add to a free-trade agree­ment pro­vi­sion­ally in place since Jan­uary 2016 that has opened both mar­kets for goods and ser­vices. “It is our duty to sup­port Ukraine and strengthen our eco­nomic and po­lit­i­cal ties, also in the face of the on­go­ing con­flict on its soil,” said Es­to­nia For­eign Min­ster Sven Mikser, whose coun­try holds the six-month ro­tat­ing pres­i­dency of the Euro­pean Union.

Trade has been at the heart of a dis­pute be­tween Rus­sia and the Euro­pean Union over re­la­tions with Ukraine, with Moscow and Brus­sels both com­pet­ing to bring Kiev closer to their side through of­fers of greater eco­nomic in­te­gra­tion. While Kiev has moved west­ward, Rus­sia has sought to desta­bilise Ukraine, EU govern­ments and NATO say, by an­nex­ing Crimea and pro­vid­ing sep­a­ratists with weapons and troops in Ukraine’s in­dus­trial east. — Reuters

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