At the Press Conference at the Foreign Affairs Council (Trade), Executive Vice-President Dombrovskis informed about the suspension of import duties on all Ukrainian exports for one year. The decision entered into force on the 4th of June 2022.
The situation in Ukraine also led to increased cooperation with the United States.
During the last Trade and Technology Council, there was a broad call for the TTC to remain results-driven and focus on concrete projects. There will be more focus on building more resilient supply chains for semiconductors and critical raw materials.
The work on a standard for electric vehicle chargers will continue. That would certainly provide substantial efficiencies of scale and is just one concrete example of how our efforts can facilitate trade and investment. The prospects for EU-China trade and investment relationship have to be seen against the backdrop of both geopolitical shifts and new challenges to the global economic environment.
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