Annexes to COM(2024)148 - - Main contents
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This page contains a limited version of this dossier in the EU Monitor.
| dossier | COM(2024)148 - . |
|---|---|
| document | COM(2024)148 |
| date | May 30, 2024 |
BUDGET LINES:
Chapter and Article: Chapter 12, Article 120
Amount budgeted for the year 2024: 24 620 400 000 €
FINANCIAL IMPACT:
Proposal has no financial implications
X Proposal has no financial impact on expenditure but has a financial impact on the traditional own resources revenue, for the following reasons:
In 2023, the total value of imports from the Russian Federation and the Republic of Belarus of CN codes under the scope of this Regulation and that which are subject to the proposed increase, was over EUR 1.57 billion. Of these, imports on dutiable lines were EUR 338 million. Most of those imports (EUR 83.4 million) took place under CN code 1514 11 90 which is subject to a 6.4% tariff. Significant imports also took place for CN code 1518 00 95 (EUR 77.3 million) that is subject to a duty of 2% and CN code 2309 90 91 (EUR 76.4 million) which is subject to a 12% ad-valorem tariff. A further EUR 32.4 million were imported under CN code 2308 00 90 which is subject to a 1.6% ad-valorem tariff. In addition, for CN code 1008 10 00 the EU imported 14 760 tonnes in 2023, subject to a tariff of EUR 37/t, whereas for CN code 1008 29 00 EU imports amounted to 10 005 tonnes, subject to a tariff of EUR 56/t. Imports under CN code 1003 90 00 represented 54 706 tonnes, subject to a WTO in-quota rate of EUR 62.25/t Other CN codes are also subject to duties, but for much lower values, and maximum duties foregone for these CN codes are computed below, at the last parcel.
Upon the increase of tariffs by this Regulation, these trade flows are expected to considerably decrease or even stop. As regards the collection of increased customs duties corresponding to the proposed increases on those goods that today are subject to zero or very low tariffs, they are expected to be minimal, close to zero, as no trade flows are expected to subsist, given the increased tariff levels.
On the basis of the above, the impact on the loss of revenue for the EU budget resulting from this Regulation is estimated at a maximum of EUR 15.77 million per year: [(EUR 6.7 million + EUR 2.11 million + EUR 9.17 million + EUR 0.88 million + EUR 0.52 million + EUR 0.53 million + EUR 0.55 million + EUR 0.56 million) = EUR 21.03 million gross amount, including collection costs) x 0.75]5.
For 2024 the impact on the loss of traditional own resources revenue for the EU budget is estimated as half of the above amount. i.e. EUR 7.9 million.
The loss of revenue in traditional own resources will be compensated by Member States Gross National Income (GNI) based on resource contributions.
1Council Regulation (EEC) No 2658/87 of 23 July 1987 on the tariff and statistical nomenclature and on the Common Customs Tariff, OJ L 256, 7.9.1987.
2Only 1% of EU consumption is imported from Russia, according to EU official trade and production data (2023).
3OECD/FAO data
4Council Regulation (EU) 2022/263 of 23 February 2023 concerning restrictive measures to the illegal recognition, occupation or annexation by Russia of certain non-government-controlled areas of Ukraine.
5Each parcel corresponds to the foregone duties of the CN codes listed above, by order of appearance.
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