On Thursday, the European Parliament authorized a European Fee proposal to extend EU tariffs by 50% on agricultural imports from Russia and Belarus that weren’t but topic to further duties. The transfer goals to additional cut back the EU’s dependence on imports from these nations in gentle of ongoing sanctions associated to the battle in Ukraine. Merchandise affected by the brand new tariffs embody sugar, vinegar, flour, and animal feed.
The regulation additionally introduces a 6.5% tariff on fertilisers imported from Russia and Belarus, together with further duties starting from €40 to €45 per tonne through the 2025–2026 interval. These duties will regularly rise to €430 per tonne by 2028. Revenues from fertiliser gross sales are thought of to instantly assist Russia’s battle effort, prompting the EU to behave.
The proposed measures apply not solely to direct imports from these nations but in addition to items exported not directly. The regulation is predicted to considerably cut back such imports and encourage diversification inside the EU’s fertiliser manufacturing sector, which has been pressured by low-priced Russian imports.
The legislation contains provisions for the European Fee to observe worth developments and any potential detrimental impacts on the interior market or the EU’s agricultural sector, with authority to intervene if mandatory.
The laws handed with 411 votes in favour, 100 in opposition to, and 78 abstentions. With this primary studying full, the Council should now formally undertake the regulation, which can enter into drive upon publication within the Official Journal. For listed agricultural items, the regulation will apply 4 weeks after that date.
Could 22, 2025 / European Parliament / European Union.
https://www.europarl.europa.eu
