Ukraine Tariff Relief Package Gains Steam In EU Parliament

Law360, New York (March 20, 2014, 5:12 PM EDT) -- A panel of European lawmakers on Thursday gave its overwhelming endorsement to a legislative proposal that would temporarily slash roughly 98 percent of tariffs on exports of Ukrainian goods into the European Union in an effort to steady the country's economy amid ongoing political strife.

Members of the European Parliament's International Trade Committee voted 22 to 2 to approve the package unveiled last week by the European Commission, which is aimed at saving Ukrainian shippers €487 million ($671 million) a year. Poland's Pawel Zalewski, vice chair...
To view the full article, register now.