The European Commission can take any necessary measures if Ukrainian imports will lead to significant disruption to the EU market or the markets of one or more EU countries.
"The temporary suspension of import duties and quotas on Ukrainian agricultural exports to the EU will be renewed for another year, until 5 June 2025," the European Parliament said in a statement on the website.
The European Commission "can take swift action and impose any measures it deems necessary should there be significant disruption to the EU market or the markets of one or more EU countries due to Ukrainian imports," the statement said.
"The regulation also provides for an emergency brake for particularly sensitive agricultural products, namely poultry, eggs, and sugar," the parliament said, adding that European lawmakers "secured the expansion of this list to include oats, maize, groats and honey" and also "attained firm commitments from the Commission to take action if there is a surge of Ukrainian imports of wheat."
The lawmakers of the European Parliament also "ensured that the Commission would act faster - within 14 days instead of 21 days - if trigger levels for the automatic safeguards were reached."
The current suspension expires on June 5, 2024, and the new regulations will go into effect immediately after the said expiration date, the statement read.