US and EU sign tariff quota agreement for agricultural commodities market
Rice
Published Jan 18, 2023
Tridge summary
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 agreement 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. 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.
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 ...
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