| | POLISH FINANCIAL SUPERVISION AUTHORITY | |
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| | | UNI - EN REPORT No | 9 | / | 2014 |
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| | Date of issue: | 2014-04-15 | | | | | | | | |
| | Short name of the issuer | | | | | | | |
| | KERNEL HOLDING S.A. | |
| | Subject | | | | | | | | | | |
| | EUROPEAN UNION CUTS IMPORT DUTIES ON UKRAINIAN EXPORTS | |
| | Official market - legal basis | | | | | | |
| | Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne
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| | Unofficial market - legal basis | | | | | |
| | Contents of the report: | | | | | | | | |
| | On April 14, 2014, the European Council approved a proposal to remove import duties on Ukrainian exports to the EU for a certain group of goods.
EU import duties on the following groups of goods exported by Kernel would be amended:
• Unrefined sunflower oil: import duty would be cut from 2.9% to 0%.
• Refined sunflower oil (bottled or sold in bulk): import duty would be cut from 6.1% to 0%.
The proposed changes also stipulate that the EU will establish new zero-duty import quotas for grain originating from Ukraine. Specifically, in addition to the existing reduced-duty import quotas for wheat and barley originating from any country in the total annual amount of 2.7 million tons, a specific zero-duty quota for wheat and barley originating from Ukraine would be set in the amount of total 1.2 million tons (with a non-quota import duty of EUR 93-95/t).
The regulation is expected to take effect on April 23, 2014 the day following its scheduled publication in the Official Journal of the European Union, and to be last until a Deep and Comprehensive Free Trade Agreement between Ukraine and EU becomes effective on or before November 1, 2014.
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| | Annexes | | | | | | | | | | |
| | File | Description | |
