Regulation (EU) No 1150/2014

What it is

to extend the application of Regulation (EU) No 374/2014 on the reduction or elimination of customs duties on goods originating in Ukraine. PROPOSED ACT: Regulation of the Council and the European Parliament. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council. BACKGROUND: Ukraine is a priority partner country within the European Neighbourhood Policy (ENP) and the Eastern Partnership. The European Union and Ukraine negotiated in 2007-2011 an Association Agreement , including a Deep and Comprehensive Free Trade Area (DCFTA), which was signed by both parties on 27 June 2014. The European Union and Ukraine are to establish a free trade area over a transitional period of a maximum of 10 years starting from the entry into force of the Association Agreement. The Committee on International Trade adopted the report by Gabrielius LANDSBERGIS (EPP, LT) on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 374/2014 on the reduction or elimination of customs duties on goods originating in Ukraine. The committee recommended the European Parliament to adopt its position at first reading following the ordinary legislative procedure taking over the Commission proposal. Members supported the Commission proposal seeking to extend the application of Regulation (EU) No 374/2014 on the reduction or elimination of customs duties on goods originating in Ukraine until 31 December 2015 . The extension of the Regulation (EU) No 374/2014 until the end of 2015 is intended to support Ukraine in its extremely difficult security, political and economic situation through the implementation of EU tariff commitments under the ratified Association Agreement. Given the objective to ensure the maintenance of the existing conditions for the access to the EU market and minimise the risks of disruption on exports to the EU, Members considered that the most effective solution remains the extension of the autonomous trade measures. The European Parliament adopted by 497 votes to 78, with 56 abstentions, a legislative resolution on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 374/2014 on the reduction or elimination of customs duties on goods originating in Ukraine. Parliament adopted its position at first reading following the ordinary legislative procedure taking over the Commission proposal. Parliament supported the Commission proposal seeking to extend the application of Regulation (EU) No 374/2014 on the reduction or elimination of customs duties on goods originating in Ukraine until 31 December 2015 . The autonomous preferences provided for under Regulation (EU) No 374/2014 should also be subject to the respect for the fundamental principles of human rights, democracy and the rule of law by Ukraine. LEGISLATIVE ACT: Regulation (EU) No 1150/2014 of the European Parliament and of the Council amending Regulation (EU) No 374/2014 on the reduction or elimination of customs duties on goods originating in Ukraine. Ukraine is a priority partner country within…

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