Kamaz to supply at least 1,000 trucks to Philippines by 2020Business & Economy May 29, 21:49
Moscow ready to offer clarifications over incident with Montenegrin MPRussian Politics & Diplomacy May 29, 21:09
Moscow mayor says Monday's hurricane in Moscow 'unprecedented'Society & Culture May 29, 20:56
Moldovan president slams government’s decision to expel Russian diplomatsWorld May 29, 20:52
Macron lashes out at Russian news agency Sputnik, RT channel over campaign coverageWorld May 29, 20:11
Macron says no international problem can be solved without RussiaWorld May 29, 19:51
Putin: Russian and French fundamental interests come firstRussian Politics & Diplomacy May 29, 19:34
Hollywood director highlights his esteem for Russia’s presidentSociety & Culture May 29, 19:18
Death toll following Moscow thunderstorms rises to 11World May 29, 19:02
STRASBOURG, October 23. /TASS/. The European Parliament voted at a session in Strasbourg on Thursday to prolong a largely duty-free access to the EU market for Ukraine’s exports until the end of 2015.
"Given the current situation, a timely approval to prolong the regulation granting autonomous trade measures for Ukraine proves that the EU can act swiftly and decisively. This is also a proof of our political will and moral obligation," rapporteur Gabrielius Landsbergis said.
The unilateral trade preferences were introduced on April 23 for six months, and were to be followed by the mutual opening of markets in line with the EU-Ukraine Association Agreement ratified by the parliaments in September.
However, at talks with Ukraine and Russia in mid-September, the EU agreed to postpone the establishment of a free EU-Ukraine trade zone until the 31 December 2015, as "part of a comprehensive peace process in Ukraine."
Therefore, the European Parliament was forced to extend the temporary trade measures.
According to the European Parliament, Ukraine’s exports to the EU in the first half of 2014 grew 25% (worth $587 million), while the exports to Russia declined 24.5% (worth $592 million).
The unilateral trade preferences remove 94.7% of EU tariffs charged on industrial goods imports from Ukraine. The EU abolished tariffs for over 80% of Ukraine’s farm produce exports.