Interior minister graces graduation ceremony at Naif Arab University for Security Sciences    Prophet's Mosque imam underscores Islam's core values at peace conference in India    Saudi, Indian foreign ministers co-chair Cooperation Committee meeting in New Delhi    198 new sites documented in the National Antiquities Register    Cityscape Global 2024: Saudi real estate sector booms with SR180 billion in new projects    PIF to sell 2% stake in stc via accelerated book-building    SAMA issues rules for opening electronic wallets    TGA suspends 2 passenger transport applications and an application for food delivery    South Korean actor Song Jae Lim found dead at 39    Trump names Fox News host Pete Hegseth as defense secretary pick    There is nowhere safe in Gaza, UNRWA director says    Archbishop of Canterbury resigns over Church abuse scandal    US says it will not limit arms transfers to Israel    Don't sit on the toilet for more than 10 minutes, doctors warn    Saudi Champion Saeed Al-Mouri scores notable feat in Radical World Championship in Abu Dhabi with support from Bin-Shihon Group    'Marvels of Saudi Orchestra' to dazzle audience in Tokyo on Nov. 22    Rita Ora is tearful in tribute to Liam Payne at MTV Awards    France to deploy 4,000 police officers for UEFA Nations League match against Israel    Al Nassr edges past Al Riyadh with Mane's goal to move up to third    Al Ahli continues strong form with 2-0 win over Al Raed in Saudi Pro League    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Beef exporters give US-EU deal a roasting
Published in Saudi Press Agency on 19 - 06 - 2009


Beef-producing states told the
World Trade Organisation today they feared a deal between
the United States and the European Union to open up European
markets to high quality beef would hit their exports, Reuters reported.
The complaints, highlighting commercial sensitivities in the
financial crisis, could lead to a new trade dispute over a deal
hailed by Washington and Brussels as a breakthrough in their own
often fraught economic ties.
The United States and the European Union reached a
provisional agreement on May 6 to end a two-decades-long row
over an EU ban on hormone-treated beef by increasing the
European import quota for other beef.
Brussels says the new quota, whose details are still being
worked out, is open to all WTO members.
Some beef exporters, mainly from Latin America, fear it has
been designed to let in U.S. beef at their expense.
"The Memorandum of Understanding in question ... defined
high-quality meat solely as those of the type exported by the
USA," Uruguay said in a statement to the WTO's dispute
settlement body.
Beef accounts for 25 percent of Uruguay's exports and the EU
is its biggest market, according to Montevideo.
Under the deal reached with the United States, the EU will
provide additional duty-free access for 20,000 tonnes of
non-hormone-treated beef a year for three years, rising to
45,000 tonnes in the fourth year.
EQUAL ACCESS
This is in addition to the current import quota of 60,000
tonnes, on which exporters pay duty of 20 percent. Imports
outside the quota pay 100 percent.
Within the existing quota, the United States has a share of
11,500 tonnes. Uruguay said it feared the United States would
capture all the new quota.
"In a word, the USA would move from having 19 percent of the
quota for high-quality meat to 54 percent, and Uruguay and all
other producers would now face a competitor with a unique and
exclusive zero-duty tariff," Uruguay said.
Australia, Argentina, Brazil, India, New Zealand, Nicaragua
and Paraguay voiced their concern at the deal.
"We are keen to ensure that the quota is not discriminatory
in its treatment of beef exporters, is consistent with the
European Communities' WTO obligations and will provide equal
access for all beef exporters including Australian beef
exporters of high quality beef," Australia said.
The United States and European Union praised their deal as a
pragmatic way of dealing with trade problems. As a result, the
United States dropped its plans to impose $116.8 million in
retaliatory duties on European products, which it was entitled
to do because the WTO had found the EU's ban on hormone-treated
beef to be in breach of the rules.


Clic here to read the story from its source.