United Kingdom's initial findings recommend Turkish rainbow trout tariffs be kept

Published 2021년 6월 29일

Tridge summary

The Trade Remedies Authority (TRA) of the UK has recommended the extension of tariffs on rainbow trout imports from Turkey for the next five years. The tariffs, which were previously inherited from the EU, aim to protect UK rainbow trout farms from subsidized imports, potentially harming small, family-owned businesses. The TRA's preliminary investigation found that removing the tariffs could lead to job losses and the withdrawal of some firms from the market. A 30-day consultation period has been opened for stakeholders to comment, after which the TRA will submit its final recommendation to the Secretary of State for International Trade, who will make the final decision.

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

Original content

Initial findings recommend Turkish rainbow trout tariffs be kept. The Trade Remedies Authority (TRA) published its Statement of Essential Facts on Friday 25 June, setting out initial findings on UK countervailing measures which currently apply to certain rainbow trout exported to the UK from Turkey. Countervailing measures are placed on imported goods that are being subsidised by foreign governments and which might injure the UK market. They are part of 43 measures transitioned to the UK following its withdrawal from the EU. The TRA’s report recommends the countervailing measures in this case, which have been transitioned into UK law from the EU system, be extended for five years, extending protections to UK rainbow trout farms which would otherwise be damaged by subsidised imports from Turkey. Many UK rainbow trout farms are small, family-owned businesses. The TRA’s Chief Executive Officer Oliver Griffiths said: “Our job as the TRA is to carry out detailed and impartial ...

Source: Fish Focus