What did the Malta Chamber of SMEs bring through for business in this year’s budget?
18 October 2021
The Malta Chamber of SMEs has noted a number of positive initiatives that will aim...
Foreign Affairs Council has now adopted the Commission's proposal for
autonomous trade measures providing unilateral tariff preferences for Ukraine.
The regulation is based on the early application of the trade in goods
provisions of the Association Agreement.
to the Commission, the temporary reduction of nearly 98% of European customs
duties will save Ukrainian exporters € 500 million per year. It provides for a
tariff cut for 82.3% of Ukrainian agricultural products and the opening-up of
quotas for sensitive products (cereals, pork, beef, poultry). It also brings in
preferences on 83.4% of Ukrainian exports of processed agricultural products.
Lastly, it provides for tariffs to be removed from 94.7% of Ukrainian
industrial products. In order to prevent circumvention, Ukraine must guarantee
the proper origin of products and exports will have to comply with EU
provisions on origin labelling. The EU reserves the right to re-impose tariffs
should imports of Ukrainian goods be subsequently perceived as excessive.
regulation will cease to apply on 1 November 2014.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).