Suspension of EU tariffs on imports from Ukraine
For an initial period of one year, import duties on industrial goods and agricultural products from Ukraine are to be suspended. A majority of the EU Parliament has spoken out in favour of this in order to strengthen the Ukrainian economy, which has been massively weakened by the war with Russia.
Already since 2016, relations between the EU and Ukraine have been governed by an association agreement, ensuring preferential access to the EU market for Ukrainian companies. The EU is Ukraine’s largest and most important trading partner.
The war in Iran is having a massive impact on shipping and air freight
The situation in the Middle East is escalating, causing massive disruptions to maritime shipping. Maersk and Hapag-Lloyd have suspended all ship passages through […]
Air and ocean freight severely affected by the conflict in the Middle East
Following the coordinated Israeli-U.S. air strikes on Iran, international airlines reacted immediately by scrapping air services to the region or canceling overflights on […]
Europe’s costliest tariffs are self-imposed
The European Commission’s annual single market report delivers an uncomfortable truth: intra-EU trade fell from 23.5 per cent of bloc GDP in 2023 […]
