Kyiv has urged the EU to increase the duty-free commerce regime to keep away from devastating Ukraine’s economic system.

EconomyPolitics Kyiv has urged the EU to increase the duty-free commerce regime to keep away from devastating Ukraine’s economic system. Tuesday, March 25, 2025

Ukraine has warned that the expiration of duty-free commerce with the EU on June 5 might lead to ”critical injury” to its economic system. Kyiv hopes the EU will prolong the duty-free commerce regime, particularly given the uncertainty surrounding long-term US assist. Nevertheless, some EU member states, together with Poland, Hungary, Slovakia, and Bulgaria, oppose increasing Ukraine’s market entry, fearing competitors for his or her farmers.

In 2024, the EU’s “autonomous commerce measures” accounted for almost 10% of Ukraine’s $41B whole export income.

“The EU is our key buying and selling companion, so it might be actually devastating for us if we discovered ourselves in a pre-war scenario once more,” Finance Minister Serhiy Marchenko said.

Ending the deal would ship “a really improper sign,” he added. The most probably possibility is a brief extension of the present settlement, however negotiations are transferring slowly.

“Our producers want predictability relating to exports; the EU can’t provoke negotiations per week earlier than the expiration of the present regulation,” Marchenko added.