tariffs - Latest news GMK Center

Ukrainian producers can import goods into the EU duty-free for one year

The new export tariffs will be valid until July 31

Thanks to these measures, the European Union will be able to support Ukraine's economy significantly

The measures will completely abolish EU import duties on all Ukrainian exports, including steel, for one year

The decision is political in first place

Export opportunities are more important than macro-financial assistance or loans

Special duty on hot-rolled thick sheets, hot-rolled coils, rebar and pipes are among the most painful for Ukrainian steelmakers

Import duties on all Ukrainian exports to the EU may be suspended for one year

Financial losses from existing tariffs and quotas are equivalent to the loss of a large steel plant

In 2021, Ukraine increased exports to the UK by 62.4%, to $1.1 billion

Now the average import duty on Ukrainian goods is about 22%