The European Commission has adopted a proposal to impose tariffs on a number of agricultural products from Russia and Belarus, as well as on certain nitrogen-based fertilisers.
The Commission’s proposal will now be considered by the European Parliament and the Council under qualified majority voting, under the Common Commercial Policy legal basis of Article 207 of the TFEU.
Maroš Šefčovič, Commissioner for Trade and Economic Security, said: “These tariffs are carefully calibrated to serve multiple goals. We aim to weaken further Russia’s war economy, while reducing EU dependencies, supporting our industry, and preserving global food security. We will take every step necessary to protect our fertilisers industry and farmers.”
You will find more information in our press release online.
Latest Posts in "European Union"
- CJEU Confirms TP Adjustments as VAT-Applicable Services, Requires Supporting Documentation
- ECJ Rules Compensation Payments in Transfer Pricing as Taxable Supply for VAT Purposes
- Court of Justice Rules on VAT for Intra-Group Services and Evidence Requirements for Deductions
- ECJ Rules Non-Transactional Profit Adjustments by Principal Are VAT-Applicable Services in Arcomet Case
- Understanding VAT Implications on Transfer Pricing: Insights from Arcomet Case C-726/23