Ag Exports in Focus Following Tariff Rate Quote Agreement Between U.S. and EU
Earlier this week, United States Trade Representative Katherine Tai along with EU representatives signed the U.S.-EU Tariff Rate Quota (TRQ) Agreement.
This enabled the U.S. to preserve its existing access to the EU market for various agricultural goods following the United Kingdom’s exit from the EU on January 1, 2021.
Through the first 11 months of 2022, the U.S. exported $11.1 billion worth of goods to the EU, according to the office of the U.S. trade representative.
Under tariff-rate quota 005 (Meat of bovine animals/Edible offal of bovine animals), the Union volume of the United States/Canada country specific part was adjusted to 10,500 tonnes...
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