EU lawmakers back extension of trade liberalisation for Ukraine

The European Union (EU) lawmakers have approved an extension of trade liberalisation for Ukraine, allowing Ukrainian food producers to access EU markets for another year. This decision was made on Thursday, March 7th, after rejecting a series of amendments that could have added restrictions.

The European Commission has proposed import duties and quotas on Ukrainian farm produce be lifted for another year until June 2025. This extension is aimed at promoting economic growth and trade between the EU and Ukraine. The decision was made in response to a request from the Ukrainian government, which has been working to improve its agricultural sector and increase exports to the EU.

The EU and Ukraine have had a long-standing relationship, with Ukraine being an important trading partner of the EU. However, there have been tensions between the two countries in recent years, particularly regarding issues such as energy and trade. This extension of trade liberalisation is seen as a positive step towards strengthening economic ties between the EU and Ukraine.

It's worth noting that this decision was made by the European Parliament, which is one of the three institutions of the European Union. The other two institutions are the Council of the European Union and the European Commission.