The Office of the U.S. Trade Representative announced today it is delaying by one month the imposition of additional duties on a modified list of EU products in connection with World Trade Organization (WTO) dispute settlement rulings in the EU - Beef Hormones dispute. Under a determination announced Jan. 15, the additional duties were to go into effect March 23. Under the delay announced today, the additional duties are scheduled to go into effect April 23.
A USTR spokesperson said the reason for the delay is that the "USTR is currently in discussions with the European Commission on a possible interim solution that would provide benefits for U.S. beef producers. These discussions have made progress, although several important issues remain to be resolved. USTR has decided to delay the trade action in order to give this process every possibility of success."
The USTR said in order to respect commercial arrangements made in the period since Jan. 15, there will be no delay in the March 23 effective date of the deletion of products from the list of products subject to additional duties.
0 comments:
Post a Comment