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European Union to fight import duties on Spanish olives

BayRadio | January 29, 2019

The European Union has announced that it would launch proceedings at the World Trade Organization against US import duties on Spanish olives.
Last year Donald Trump’s administration slapped extra tariffs on Spain’s iconic agricultural export, considering them to be subsidised and sold at prices below their real value.
The EU has called the move unacceptable and had worked behind the scenes to get Washington to back down.
Under WTO rules, the two sides now have 60 days to try to resolve the issues before the Geneva-based trade body would be asked to arbitrate.
In 2017, Spain’s olive exports to the United States amounted to $67.6 million

Written by BayRadio

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