EU ambassadors agree on a compromise option to extend "trade visa-free regime" for Ukraine

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EU ambassadors approved the extension of autonomous trade measures (trade visa-free travel) for Ukraine for another year, but with a compromise that will result in Ukraine losing about €331 million in revenue compared to 2023.

EU Permanent Representatives have today approved the extension of the so-called autonomous trade measures (trade visa-free regime) for Ukraine for the next year. This was reported by UNN with reference to a statement by the Belgian EU Presidency.

Details 

EU ambassadors agree on a new compromise on enhanced trade measures (ATM) for Ukraine, ensuring a balanced approach between supporting Ukraine and protecting EU agricultural markets

- the Belgian presidency said in a statement.

It is noted that this compromise will be presented to the European Parliament.

Solsky debunks negative myths about the Ukrainian agricultural sector during the EU Council26.03.24, 22:06

Addendum

Radio Liberty journalist Rikard Jozwiak said on his page in X that Ukraine will lose more than 300 million euros in profit due to the "compromise". 

There is an agreement between the member states the extension of trade measures will be extended for one year. The starting point is the second half of 2021, so Ukraine will lose approximately €331 million in revenue compared to 2023

- the journalist said in his post. 

Recall

Ukraine's Minister of Agrarian Policy warns that attempts by France and Poland to restrict imports of Ukrainian agricultural products could prolong the war, reducing Ukraine's revenues.

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