| Author (Corporate) | Council of the European Union, European Parliament |
|---|---|
| Series Title | Official Journal of the European Union |
| Series Details | L 144, Pages 1-6 |
| Publication Date | 05/06/2023 |
| Content Type | Legislation, News, Policy-making |
Summary:Regulation (EU) 2023/1077 - adopted by the co-legislators on 31 May 2023 - concerning provisions for temporary trade liberalisation supplementing trade concessions already in the framework if the Association Agreement (AA) in place between the European Union (EU) and Ukraine. Further information:Russia's invasion of Ukraine had a profound negative impact on Ukraine's ability to trade with the rest of the world. In this context, the European Council underlined in its conclusions from October 2022 and February 2023 the need to provide strong political and economic support. Ukraine also requested that the EU facilitated as much as possible the conditions to enable the country to maintain its trade position with the rest of the world and further deepen its trade relations with the EU. Measures to this end include facilitating overland logistics through the bilateral agreement on the carriage of freight by road and the EU-Ukraine Solidarity Lanes, and increasing the degree of market liberalisation through Regulation (EU) 2022/870, which entered into force in June 2022 for a period of one year. This Regulation renews the trade liberalisation measures (ATMs) for another year. It also takes into consideration Ukraine's status as an EU candidate country. It renews or updates the provisions already in place by the existing framework, and it is in line with the wider objectives of the Association Agreement between the EU and Ukraine. The proposal was adopted by the European Commission on 23 February 2023. This was endorsed by the plenary of the European Parliament on 9 May and by the Council of the European Union on 25 May. The Act was signed by the co-legislators on 31 May 2023 and published in the Official Journal on 5 June 2023. |
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| Source Link | Link to Main Source http://data.europa.eu/eli/reg/2023/1077/oj |
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| Subject Categories | Trade |
| Subject Tags | Bilateral Relations, Export | Import Markets, External Trade | Trade Agreements, Wars | Conflicts |
| Keywords | Association Agreement, War in Ukraine (2022-) |
| Countries / Regions | Ukraine |
| International Organisations | European Union [EU] |
