US wheat industry hails end of US-EU trade dispute
US Wheat Associates (USW) and the National Association of Wheat Growers (NAWG) commend the Biden Administration and US Trade Representative Katherine Tai for resolving the World Trade Organization‘s longstanding dispute over aircraft subsidies and the suspension of retaliatory tariffs which constituted an obstacle to American wheat exports to the European Union.
As part of this dispute, the EU imposed retaliatory tariffs on US wheat other than durum, which effectively blocked average annual imports of over 538,000 metric tonnes of mostly hard red spring wheat. American and hard red winter wheat. Three months ago, the US and EU agreed to temporarily suspend all retaliatory tariffs, and imports resumed almost immediately.
The deal announced this week suspends retaliatory tariffs for five years, pending negotiations on aircraft subsidies. This is good news for wheat farming families in the northern and central plains.
For more information, visit www.uswheat.org.
Source: National Association of Wheat Producers and US Wheat Associates