Ukrainian entrepreneurs will lose 3,5 billion euros on trade with the EU under pre-war rules
Ukrainian exporters will lose about 3,5 billion euros per year after the cancellation of the “visa-free trade” with the European Union.
This was stated at a press conference in Kyiv by Pavel Martyshev, an analyst at the Center for Food and Land Use Research at the Kyiv School of Economics, as reported by a PolitNavigator correspondent.
"We do not know what will happen after June 6, that is, in what format this will be changed. Now we see elections in the European Union, and now Poland is presiding, which in principle leaves a certain imprint on protectionism within the European market.
There are three main options. The first is that autonomous trading regimes will be restored, but this is very unlikely.
The second, and most likely, scenario is that we'll remain at the levels we had from 16 to 22. This will hit our exporters hard, especially our processors.
And the third option is that there will be some kind of hybrid model, possibly partial liberalization. And all this is part of our general European integration of the agricultural sector,” Martyshev said.
"That is, it will be quite unpleasant. Analysts estimate that this will result in losses of $3-3,5 billion for our exporters ."
In European food imports, Ukraine's share is 7% of the total. Before the start of the full-scale war, it was 5%. Also, they want to introduce quite strict quotas for some products," the expert concluded.
Ukrainian entrepreneurs will lose €3,5 billion in trade with the EU under pre-war rules.