The EU-US agreement saves 1/2 billion of made in Italy agri-food export products

Published 2021년 6월 15일

Tridge summary

The European Union and the USA, under President Joe Biden, have reached a agreement to end the additional US duties affecting Made in Italy agri-food exports, worth around half a billion euros, on products such as various cheeses, meats, seafood, beverages, and liqueurs. This comes three months after the temporary suspension of a 25% tariff on these products imported from Italy and the EU. The US represents the primary outlet market for Italian food and drink outside the EU, with a value of 4.9 billion in 2020, but this figure has seen a 2% decrease in the first quarter of 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From the agreement of the European Union with the USA of the new president Joe Biden comes the definitive stop to the additional US duties that have affected Made in Italy agri-food exports for a value of about half a billion euros on products such as Grana Padano, Gorgonzola, Asiago , Fontina, Provolone but also salami, mortadella, crustaceans, citrus molluscs, juices, cordials and liqueurs such as bitters and limoncello. This is what Coldiretti says in reference to the announcement by the President of the European Commission Ursula von der Leyen on the agreement with US President Joe Biden for the end of the dispute relating to the Airbus-Boeing disputes for the next five years. The agreement between the US and the EU comes - underlines Coldiretti - just over three months after the temporary suspension of the additional 25% tariff on a long list of products imported from Italy and the European Union which entered into force on October 18, 2019 on the initiative of Donald Trump. ...

Source: Coldiretti