News
05.10.2016
Agricultural producers will save 119 million dollars on expanding quotas
According to UCAB estimates, savings by increasing the quota for tax-free export of agricultural products to the European Union may be around 119 million dollars. The biggest savings observed in the group of grain and its processing products.
The quotas increasing will involve mainly products with added value. This will stimulate the development of industry and related with agriculture sectors and promote further growth of production and positive impact on overall exports dynamic. This is a great opportunity for Ukrainian agricultural producers to increase supplies and to achieve a dominant position in the European market because the quotas closed during several months each year, while production in Ukraine gives an opportunity to continue to increase exports.
It is well-known that the European Union will increase the quota for Ukraine for tax-free export of agricultural products. The question of increasing the quota brought up in June this year at the annual agricultural dialogue Ukraine-EU in Brussels. Recently, European Commissioner for Trade Cecilia Malmström said that quotas will be expanded for defined goods.
|
Title |
Amount of fee |
Additional amount of quotas, t |
Savings, USD |
||
|
% |
EUR/T |
EUR/100 halons |
|||
|
Natural honey |
17 |
- |
- |
3 000 |
1 011 908 |
|
Grits and flour |
- |
129 |
- |
7 800 |
1 128 906 |
|
Processed tomatoes |
14 |
- |
- |
5 000 |
672 078 |
|
Grape juice |
22 |
- |
27 |
500 |
81751 |
|
Oat |
- |
89 |
- |
4000 |
399 414 |
|
Wheat |
- |
95 |
- |
100000 |
10 658 525 |
|
Corn |
- |
94 |
- |
650 000 |
68 551 145 |
|
Barley |
- |
93 |
- |
350 000 |
36 519 473 |
|
Total |
- |
119 023 200 |
|||
