Ukraine welcomes EU suspension of import duties
President Zelensky welcomed the EU’s plan to suspend import duties on Ukrainian goods, helping the country maintain its economy.
“This will allow us to maintain maximum economic activity in Ukraine and secure production,” the president said. Ukraine Volodymyr Zelensky said yesterday, referring to the European Union’s (EU) plan to suspend import duties on goods from Ukraine.
The proposal was published on April 27 and is awaiting approval in a vote of the 27 EU member states. President Zelensky said he discussed the initiative with European Commission President Ursula von der Leyen.
“I am grateful to her and all of her European friends for this move,” the Ukrainian president said.
President Zelensky during a press conference at a metro station in Kiev on April 23. Image: AFP.
Mr. Zelensky accused Russia “trying to incite a global price crisis” and stir up chaos in world food markets. He added that the EU’s plan to suspend import duties on Ukrainian goods is also an anti-crisis tool for European and global markets.
“Ukrainian exports will help stabilize the market,” said President Zelensky, adding that all Europeans would benefit from the decision.
The European Commission had previously proposed suspending import duties on Ukrainian goods, saying that the move would help ease the difficult situation for Ukrainian manufacturers and exporters amid Russia’s military campaign in the country. this country. Britain also announced on April 26 that it would reduce all tariffs on Ukrainian goods.
The World Bank (WB) in mid-month forecasted that Ukraine’s economy would shrink by 45.1% this year due to the impact of the war. World Bank experts said that the future of Ukraine’s economy is still very uncertain due to the unclear war situation, when peace talks have not made progress and the two sides are focusing their forces on Donbass, eastern Ukraine.
Ukraine’s Economy Minister Yulia Svyrydenko said at the end of March that the war had cost the country $564.9 billion, if you include the loss of trade and business revenue.
Ukraine’s budget still lost about $ 48 billion in taxes, nearly half of the expected revenue for 2022 before the war broke out. About 54 billion foreign direct investments (FDI) have not been able to reach Ukraine since Russia began its military campaign.
Ngoc Anh (According to AFP)
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