-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> World Economy -> 
EU seals deal to boost US beef imports
    2019-06-17  08:53    Shenzhen Daily

THE European Union has agreed a deal to allow U.S. farmers a larger share of Europe’s beef market, EU sources and diplomats said, in a move that could help to defuse transatlantic trade tensions.

The deal will result in the United States securing a guaranteed share of a 45,000-ton EU quota for hormone-free beef. The quota was agreed in 2009 to settle a dispute between the two over an EU ban on the use of growth hormones in meat.

U.S. farmers initially dominated the quota, but under World Trade Organization (WTO) rules it also had to be made available to non-U.S. suppliers.

Australia and Uruguay, and more recently Argentina, have steadily increased their exports, pushing down the U.S. share of the quota to about 30 percent.

The European Commission, which coordinates trade policy for the 28 EU countries, has struck a deal with the United States for U.S. farmers to gain an initial 18,500 tons of the quota, rising to 35,000 tons after seven years, EU sources said.

But for the arrangement to be WTO compliant it also needed to secure agreement from “substantial” suppliers.

Australia has confirmed it reluctantly accepted the adjustment and EU diplomats said that Argentina and Uruguay had also accepted the change.

The EU is currently in free-trade negotiations with Australia and with South America’s Mercosur trade bloc, of which Argentina and Uruguay are members. In both sets of talks, increased shipments of beef to Europe is a key demand.

Europe is also offering to start negotiations on a trade deal with the United States to remove import duties on industrial goods, though the two sides are stuck over the issue of market access for agriculture.

With Trump now threatening to impose car tariffs from November and agriculture a clear sticking point, the beef deal would be a way for the EU to show it is a clear trade ally. (SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn