The EC proposed to cancel duties on the import of ammonia and carbamide, except for supplies from Russia and Belarus

The European Commission proposed to cancel duties on the import of ammonia and carbamide, with the exception of Russian and Belarusian supplies until the end of 2024. Now the duties on them are 5.5% and 6.5%, respectively. According to the EC’s calculations, possible budget losses from the zeroing of duties will amount to €11 million per year. The document says that the EC proposal will help diversify the supply of raw materials for the production of fertilizers and help reduce dependence on Russia. In the context of an emergency situation in the fertilizer feedstock market caused by a noticeable increase in prices for raw materials and sanctions against Russia – the second largest supplier of nitrogen fertilizers in the EU – duties are proposed to be canceled before the start of the autumn sowing season. As the agency notes, the EU closes a significant share of the need for ammonia through external supplies. Last year, 2.9 million tons of ammonia worth €1.3 billion and 4.7 million tons of carbamide worth €1.8 billion were imported into the EU. More than 60% of supplies….

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