As anticipated, the European Commission is reviewing an EU Council decision last December to temporarily suspend an import duty tariff for imported ammonia and urea for six months, and may extend the suspension beyond June, according to a Bloomberg report on June 8, citing an EU spokesperson.
The EU on Dec. 16 last year adopted the Council Regulation to temporarily suspend import tariffs on ammonia and urea from all origins except Russia and Belarus until June 17, amid concerns about rising fertilizer costs and their effect on food prices (GM Dec. 23, 2022). The previously applicable duties were 5.5% for CN code 2814.10.00 and 6.5% for CN code 3102.10.00.
The Commission is now preparing a report assessing the impact of the tariff suspension and current market conditions in the EU and globally. The Commission may, if appropriate, submit a proposal to extend the suspension based on that report.