Area
European Union
Commodity Group
Meat
Commodity
All
Date
01/06/2019
Policy Category
Trade
Policy Instrument
Trade agreement
Description
Reached an agreement with Southern Common Market (MERCOSUR), comprising Argentina, Brazil, Paraguay and Uruguay, aimed at removing the majority of tariffs, simplifying customs procedures and protecting geographical indicators. In the meat sector, MERCOSUR countries will command a 42.5 percent share of the new 99 000 tonne annual quota for bovine meat exports to EU member countries, with a tariff rate of 7.5 percent. Once implemented, the agreement will reduce the bovine meat quota levy, known as the Hilton quota, from 20 percent to zero.
