AreaEuropean Union
Commodity GroupOilseeds, oils and meals
CommodityOilseed products
Date01/06/2021
Policy CategoryTrade
Policy InstrumentTrade differences
DescriptionAs part of talks aimed at resolving their 17-year-long aviation industry trade dispute, the United States and the EU agreed to suspend for 5 years all retaliatory tariffs applied to each others exports, including corrective import duties collected on selected oilcrop products.
NotesEUROPEAN UNION / UNITED STATES OF AMERICA Trade differences (aviation industry): In June, the EU and US conducted fresh talks aimed at resolving their 17-year-long aviation industry trade dispute. A new agreement reached between the two sides included the suspension for five years of all retaliatory tariffs applied to each others exports. The corrective import tariffs that were in place until earlier this year concerned a number of oilcrop and oilcrop product tariff lines. (See also MPPU Sep20 & Jan./Apr.21)