Ukraine To Cancel Import Duty On European Wine In 2021: Producers

By Dayeeta Das
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Ukraine To Cancel Import Duty On European Wine In 2021: Producers

Ukraine will abolish import duties next year for wine produced in the European Union as part of its obligations under a trade and association agreement with the bloc, the Ukrainian producers' association said.

Ukraine last year imported wine worth around $147 million from the EU, producers said. The import duties are currently between 0.3 and 0.4 euro per litre.

Political And Trade Accord

Ukraine signed a broad political and trade accord with the EU in 2014 which came into force in 2017, marking a historic shift away from Russia.

The agreement with the EU gradually liberalises trade, ultimately allowing unfettered access to the bloc's 500 million consumers - the world's largest and wealthiest single market.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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