6th July 2020
Olive fields
Agriculture Barcelona News Business Catalonia News Madrid News Main News Trade

EU fights US import duties on Spanish olives

The European Union on Monday said it would launch proceedings at the World Trade Organisation (WTO) against US import duties on Spanish olives.

‘Tomorrow, we are taking this case to the WTO dispute settlement system, requesting consultations with the US,’ EU Trade Commissioner Cecilia Malmstrom said on Twitter.

US President Donald Trump’s administration last year slapped extra tariffs on Spain’s iconic agricultural export, considering that these were indeed subsidised and sold at prices below their real value.

The EU has called the move unacceptable, but had worked behind the scenes to get Washington to back down.

However, Brussels has ‘come to the conclusion that our (arguments) are falling on deaf ears with the US authorities,’ said EU Agriculture Commissioner Phil Hogan.

Olive fields
Olive fields (Douglas Williams / via Unsplash)

Under WTO rules, the two sides now have 60 days to try to resolve the issues within WTO channels, before the Geneva-based trade body would be asked to arbitrate.

The US estimates that olives from Spain are sold for 16.88% to 25.5% less than their real value.

In 2017, Spain’s olive exports to the United States amounted to $67.6 million.

Related posts

Coronavirus in Spain figures (27 June)

News Desk

Spanish artist defaces Franco tomb

Ben Norman / AFP

Batet and Cruz confirmed as Congress and Senate speakers

Newsdesk / ACN

Jailed Catalan leaders await transfer to Madrid

SiE Newsdesk / Agencies

Franco mausoleum’s prior vetoes exhumation

AFP

Catalan Trial: Day 19 summary

SiE Newsdesk / ACN / Catalan News

Leave a Comment