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EU - Latest news GMK Center

Photo – The Ministry of Strategic Industries is planning integration into the European Space Agency
The Ministry of Strategic Industries is planning integration into the European Space Agency

Accession to ESA will enable development of corresponding areas of domestic science and technology

Photo – Ukraine filled its quota for exports of hollow sections to the EU
Ukraine filled its quota for exports of hollow sections to the EU

The country quota for exports of seamless pipes of stainless steel is 62% exhausted

Photo – Europe needs Ukraine as an industrial potential
Europe needs Ukraine as an industrial potential

The Ukrainian industry can change and become more environmentally friendly. This is only a matter of means and geopolitics

Photo – The introduction of the CBAM may worsen the position of steel industry
The introduction of the CBAM may worsen the position of steel industry

It is necessary to think over compensatory mechanisms to support the operation of steelmaking companies

Photo – CBAM might apply to one third of Ukraine’s exports to the EU
CBAM might apply to one third of Ukraine’s exports to the EU

Once introduced, CBAM will increase the fiscal burden of Ukrainian producers of electricity, fertilizers and metal products

Photo – CBAM targeting steelmakers to sparkle an annual 0.5% drop in Ukraine’s GDP
CBAM targeting steelmakers to sparkle an annual 0.5% drop in Ukraine’s GDP

The imposition of the Carbon Border Adjustment Mechanism might lead to a decrease in the competitiveness of Ukrainian exports

Photo – GMK Center forecasts an annual decline of €200 million in exports of Ukraine’s mining & metals sector due to СВАМ
GMK Center forecasts an annual decline of €200 million in exports of Ukraine’s mining & metals sector due to СВАМ

The imposition of the СВАМ by the European Union may result in termination of exports of pig iron and a 10% decrease in exports of long products

Photo – Ukraine has almost exhausted its quota for stainless pipes exports to the EU
Ukraine has almost exhausted its quota for stainless pipes exports to the EU

Ukraine has already exhausted its quotas for cold-rolled products, hollow sections and wire exports

Photo – No rules: protectionism is turning trade into an all-out war
No rules: protectionism is turning trade into an all-out war

The Ukrainian market remains quite open, and the mechanism of its protection is very weak

Photo – Ukraine has almost exhausted its country quota for hot-rolled products exports to the EU
Ukraine has almost exhausted its country quota for hot-rolled products exports to the EU

Domestic producers are rapidly filling the hollow sections quota as well

Photo – The Parliament ratifies a free trade agreement with UK
The Parliament ratifies a free trade agreement with UK

From 2023 onwards, the United Kingdom may stop levying duties on imports of Ukraine-made industrial products

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