Summary
"In no way, shape or form would I characterize this as some sort of revelation or breakthrough," Gregg Doud, chief economist of the U.S. National Cattlemen's Beef Association, told Reuters. "I would characterize it more as a good first step, an ability for the EU and the U.S. on agricultural trade issues to make progress."
The import duty on Roquefort cheese was slated to rise to 300 per cent from 100 per cent. The reason? Even at a 100 per cent markup, sales of the stinky cheese had only dropped 50 per cent. "One-hundred per cent duty was not deterring trade. These are trade sanctions. The idea is to deter that trade. We're trying to get parties to comply with the WTO ruling," lamented a U.S. government official in the Gourmet News food industry blog.The U.S. won't throw its rotating list of sanctions and 300 per cent Roquefort markup into play, although it will maintain existing sanctions. In exchange, the Europeans will allow the U.S. to ship 20,000 tonnes of non-hormone beef into its markets duty-free over the next three years. That quota will be upped to 45,000 tonnes in the fourth year of the agreement.See the full content of this document
Extract
Eu Relaxes Ban On Canadian Beef -- Sort Of
The U.S. beef industry is working hard to save face in the compromise it has reached with the Europeans over a particularly contentious production practice.
"In no way, shape or form would I characterize this as some sort of revelati...See the full content of this document
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