US and EU sign tariff quota agreement for agricultural commodities market

Published 2023년 1월 17일

Tridge summary

The United States and the European Union have signed a tariff quota agreement to preserve access to the European market for US agricultural commodities. The deal is expected to restore favorable market access for US products such as rice, almonds, wheat, and corn. The new allocations are based on the historical pattern of agricultural exports for the 27 EU member countries. The agreement was signed by US Trade Representative Katherine Tai, Sweden's Permanent Representative to the European Union Ambassador Mikael Lindvall, and European Commission Deputy Director General for Agriculture and Rural Development Michael Scannell.

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

Original content

The United States and the European Union (EU) signed a tariff quota agreement (TRQ) to preserve existing access to the European market for agricultural commodities, following the UK's departure from the bloc in 2021. The deal is expected to restore favorable market access for several US products — including rice, almonds, wheat and corn — and the new allocations are based on the historical pattern of agricultural exports for the 27 EU member countries. Follow closely the news of agribusiness with EXAME. Subscribe for less than BRL 0.37/day. The agreement was signed by US Trade ...

Source: BrExame