General News

United States.- The Government celebrates the temporary suspension of tariffs between the US and the EU

10/22/2020 The Minister of Industry, Commerce and Tourism, Reyes Maroto, and the Minister of Agriculture, Fisheries and Food, Luis Planas, meet with representatives of the platform against United States tariffs ECONOMY MINISTRY OF INDUSTRY

10/22/2020 The Minister of Trade, Commerce and Tourism, Reyes Maroto, and the Minister of Agriculture, Fisheries and Meals, Luis Planas, meet with representatives of the platform towards United States tariffs ECONOMY MINISTRY OF INDUSTRY

Planas qualifies it as “good news” for the agri-food sector as an entire, “unfairly” affected by these tariffs


The Spanish Government has celebrated the determination to briefly droop all tariffs imposed between the United States and the European Union in the disputes between Airbus and Boeing for a interval of 4 months, as introduced by the European Fee (EC), and that have an effect on to Spanish agri-food merchandise equivalent to olive oil, olives, cheeses or wine, amongst others.

The Minister of Trade, Commerce and Tourism, Reyes Maroto, has described the suspension of these charges as a “nice step” to achieve as quickly as potential a definitive answer inside the World Commerce Group (WTO) and obtain “definitively elevate some tariffs which might be weighing down the Spanish aeronautical and agri-food business, and with the ability to resume exports to the US market. “

For his half, the head of Agriculture, Fisheries and Meals, Luis Planas, has acknowledged that that is “good news” for the total agri-food sector, which has been “unfairly affected by these tariffs that don’t have anything to do with the sector”.

Above all, in a context equivalent to the present one, by which the restoration of the US market will probably be important for some agri-food merchandise equivalent to wine or olive oil, that are additionally being impacted by the coronavirus well being disaster.

Maroto recalled that the authorities has been “for months demanding that the United States take the acceptable measures to adjust to the WTO guidelines, since the escalation in the commerce battle is one thing that has not benefited both occasion.”

For his half, Planas has welcomed this determination that represents the return of the United States, underneath the presidency of Joe Biden, to a commerce based mostly on guidelines. “A world commerce based mostly on guidelines favors balanced exchanges, which interprets into extra employment and extra wealth”, particularly in rural areas, the place most of the agri-food firms are based mostly.

The Minister of Trade believes that this determination “opens the risk that different disputes may be addressed and resolved shortly and permits us to be extra optimistic about the early growth of a collaboration agenda in areas of mutual curiosity.”


On this approach, a four-month interval is now starting by which each events must negotiate future disciplines for the granting of official help to plane producers, in what could possibly be an embryo of the framework to help the aeronautical business. in the future.

In November 2020, the European Fee accredited the Implementing Rules and the listing of merchandise on which the US tariff countermeasures have been utilized for an approximate quantity of 4,000 million {dollars} as a countermeasure to the unlawful subsidies to the US plane producer. Boeing.

This determination was based mostly on the decision of the World Commerce Group (WTO) of October 13, which acknowledged the EU the energy to train its personal rights to withdraw concessions or impose countermeasures on the US.

The proposed Implementing Regulation established the intention of the EC to droop the utility of the future Regulation as quickly as the US lifted its countermeasures.

The further tariffs of the United States are 10% for merchandise of the aeronautical business and 25% for agri-food, which have been utilized since final October 18, 2019 and that have an effect on merchandise equivalent to bottled olive oil, nonetheless wines canned, inexperienced olives, cheeses, citrus fruits, pork or canned shellfish.

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Donna Miller

Donna is one of the oldest contributors of Gruntstuff and she has a unique perspective with regards to Science which makes her write news from the Science field. She aims to empower the readers with the delivery of apt factual analysis of various news pieces from Science. Donna has 3.5 years of experience in news-based content creation, and she is now an expert at it. She loves journalism, and that is the reason, she moved from a web content writer to a News writer, and she is loving it. She is a fun-loving woman who has very good connections with every team member. She makes the working environment cheerful which improves the team’s work productivity.

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