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U.S., EU beef dispute ends
Story Date: 3/15/2012
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Source: Tom Johnston, MEATINGPLACE, 3/15/12
The European Parliament said Wednesday it approved agreements with the United States and Canada allowing Europe to up its duty-free quota for imports of beef not treated with hormones.
European officials said in a news release the deal raises the EU’s beef import quota to 48,200 metric tons (from 20,000 metric tons), noting the U.S. and Canadian governments already have suspended duties they imposed in retaliation to the EU’s ban on hormone-treated beef in the late 1990s.
“This long-standing trading dispute will end today,” rapporteur Godelieve Quisthoudt-Rowohl said. “This is a win-win resolution for the EU. Parliament has taken a step that will enable the EU agricultural industry to plan ahead again and that will strengthen transatlantic trade links.”
The upped quota will take effect in August.
The EU is the highest value beef market in the world, and exports under the expanded quota could reach $400,000 to $500,000, according to Thad Lively, senior vice president for trade access at U.S. Meat Export Federation.
For more stories, go to http://www.meatingplace.com/.
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