A new cereals import regime is agreed
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CTA. 2002. A new cereals import regime is agreed. Agritrade, December 2002. CTA, Wageningen, The Netherlands.
Permanent link to cite or share this item: http://hdl.handle.net/10568/52564
External link to download this item: http://agritrade.cta.int/Back-issues/Agriculture-monthly-news-update/2002/December-2002
The European Commission reached an agreement with...
The European Commission reached an agreement with the USA and Canada on November 12th 2002 on a new import regime for medium- and low-quality wheat and barley in the face of an upsurge in imports of 'Black Sea' wheat into the EU. For medium- and low-quality wheat a tariff rate quota of 2,981,600 tonnes will be opened from January 1st 2003, with an in-quota duty of € 12 per tonne and an out-of-quota duty of € 95 per tonne. For barley, two quotas will be established: the first will be for 50,000 tonnes at an in-quota rate of € 8 per tonne; the second, for 300,000 tonnes, will face an in-quota duty of € 16 per tonne. Outside the quota the duty will remain unchanged at € 93 per tonne. Comment: This agreement highlights how even while the WTO is promoting moves away from quantitative restrictions, such quantitative restrictions continue to be applied by the EU in 'sensitive sectors'. ACP countries should bear this in mind when formulating their own tariff policies for sensitive products.
SubjectsMARKETING AND TRADE;
- CTA Agritrade