US-EU duties suspended, Italian cheeses breathe

Published 2021년 3월 11일

Tridge summary

The article reports the end of a four-month suspension of US duties on European agri-food exports, effective from March 11, 2021. This suspension, which previously incurred a 25% tariff on Italian cheeses among other products, will significantly reduce the cost of exporting to the US. The removal of these duties, worth over 16 million euros, is seen as a positive development by the dairy sector, with consortiums like Grana Padano and Parmigiano Reggiano expressing optimism for improved EU-US relations and the future of European exports to the US.

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Original content

The four-month suspension of US duties which, from October 2019, weighed on European agri-food exports and in particular on Italian cheeses with additional tariffs of 25% on entry costs came into force today. Great satisfaction was expressed by operators in the dairy sector. «For some time - comments Stefano Berni, general manager of the Grana Padano protection consortium - we have been waiting for a change of course in relations between the US and the EU, but not in such a tight time frame for diplomacy, just forty days after the inauguration of the new American president. Duties accounted for a quarter of the price of exports to the USA, which for Grana Padano DOP amounted to 160,000 wheels. With this agreement - underlines Berni - for four months the duties on 65 million products have been removed, equal to over 16 million euros that will not be added and paid for by buyers and consumers ”. The comment of the Parmigiano Reggiano Consortium is in the same tone. "We thank the ...

Source: InformateAgrario