Lobster from the United States has zeroed the duty in the European Union
Fresh Common Lobster
United States
Published Aug 25, 2020
Tridge summary
The EU lifted tariffs on imports of live and frozen lobster from the United States. In June, President Donald Trump threatened to raise tariffs on European cars if the European Union did not make concessions on sea crayfish. The decision to abolish duties equalizes the opportunities for lobsters from the United States and Canada in the EU market, the Undercurrent News portal notes.
Original content
A joint statement by US Trade Representative Robert Lighthizer and EU Trade Commissioner Phil Hogan described it as mutually beneficial and as part of a process to improve US-EU relations. The decision is retroactive (considered effective from August 1, 2020) and will be valid for at least five years, but may become permanent. In return, the United States is cutting duties by 50% on a range of European goods worth $ 160 million a year. This is the first such agreement between the US and the EU in the past two decades. The USA and Canada are ...
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