- The EU Council approved a one-year suspension of 5.5–6.5% customs duties on certain nitrogen-based fertilisers and inputs.
- The measure aims to lower costs for EU farmers and the fertiliser industry, with expected savings of about €60 million in import duties.
- It also seeks to reduce reliance on Russian and Belarusian fertiliser supplies and support more diversified trade routes.
- The suspension applies only to eligible fertilisers not already duty-free, with quota limits based on 2024 import volumes; it excludes products from Russia and Belarus.
- The Commission will monitor the market and may extend or adjust the measure; it takes effect after publication in the Official Journal.
Source: globalimportblog.bakermckenzie.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
