European Parliament supported the decision to decrease customs duties for Ukrainian commodities
On April 3, 2014, the European Parliament supported the decision of the European Commission to decrease the customs duties for supplies of Ukrainian commodities to the European Union.
In March 2014 the Summit of the heads of the EU countries and the European Parliament's International Trade Committee coordinated the reporting measures, which were previously proposed by the European Commission. Nearly 98% of the duties to be set to zero.
The measures will operate until November 1, 2014. The EC hopes that by the reporting time the agreement on the free trade zone with Ukraine, which is the part of the Association Agreement, will be signed. According to estimations of the EC, the agreement on free trade zone can save for Ukraine nearly 500 mln EUR annually.
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