KYIV, Mar. 27 – The European Union on Monday lifted all quotas on imports of textile and clothing products from Ukraine, an EU press release reads.
This followed confirmation that Ukraine has brought down its tariffs for EU textile exports to the maximum rates bound by the EU in the World Trade Organization, implementing the textiles agreement signed on Dec. 19 last year.
Surveillance (licensing without quotas) will be maintained for the time being for a certain number of textile products such as shirts, coats, pullovers or cotton fabrics, the EU said in its release.
The agreement on trade in textiles and clothing between the EU and Ukraine was signed on Dec. 19, 2000 in Brussels.
It requires Ukraine to implement tariff reductions for EU exports of textiles and clothing products as a condition for the liberalization of all quotas applied by the EU on Ukrainian exports.
Ukraine has implemented this obligation starting from Feb. 23 of this year.
Further to this tariff reduction Ukraine will reduce its maximum tariff rates between 2001 and 2004 in line with the EU’s tariff reduction schedule in the WTO.
