The FINANCIAL — On 17 July, the European Council adopted a set of temporary autonomous trade measures in favour of Ukraine.
These measures should enter into force by the end of September and will apply for a period of three years, the EU said in a press release.
“With today’s decision, we are allowing more Ukrainian products to be exported to the EU,” said Sven Mikser, Foreign Affairs Minister of Estonia, which currently holds the Council presidency.
According to the EU, the proposal is aimed at improving access for Ukrainian exporters to the EU market, in view of the country’s difficult economic situation and the economic reform efforts its undertaking.
It adds to trade provisions already introduced under an EU-Ukraine association agreement, which have been provisionally applied since 1 January 2016 and that will formally enter into force on 1 September 2017.
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