The European Council approved today the suspension of import duties and quotas on Ukrainian and Moldovan exports to the EU for another year, Paralel.Az reports.

"This renewal reaffirms the EU’s unwavering political and economic support for Ukraine, after two years of Russia’s unprovoked and unjustified military aggression, and at the same time reinforces the protection of EU farmers as regards certain sensitive agricultural products," it was noted in the information of European Coincil.

It was noted that the EU’s autonomous trade measures for Ukraine will apply from 6 June 2024 until 5 June 2025 and concern the continued suspension of all outstanding customs duties and quotas under Title IV of the EU-Ukraine Association Agreement (DCFTA).

The Regulation will also include two safeguard mechanisms to protect the EU market.

The EU’s autonomous trade measures for Moldova will apply from 25 July 2024 to 24 July 2025. They take the form of a temporary suspension of all outstanding customs duties and quotas under Title V of the Association Agreement. They also reinforce the protection for sensitive agricultural products, by beefing up the safeguard mechanism already included in the current Regulation.