At a glance
- What changed
- U.S., EU Sign Tariff Rate Quota Agreement
- Who is affected
- North America
- Business impact
- United States Trade Representative Katherine Tai, Sweden’s Permanent Representative to the European Union (EU), Ambassador Mikael Lindvall, and European Commission Deputy Director General for Agriculture and Rural Development, Michael…
United States Trade Representative Katherine Tai, Sweden’s Permanent Representative to the European Union (EU), Ambassador Mikael Lindvall, and European Commission Deputy Director General for Agriculture and Rural Development, Michael Scannell signed the U.S. – EU Tariff Rate Quota (TRQ) Agreement. The Agreement will enable the United States to preserve its existing access to the EU market for various agricultural commodities.
The new TRQ allocations are based on the historic pattern of agricultural exports to the 27 EU Member States. The Agreement will restore favorable market access for multiple U.S. agricultural products, including for U.S. rice, almonds, wheat, and corn.
In the first eleven months of 2022, the United States exported $11.1 billion worth of agricultural goods to the EU.
Crane Trade Services can assist you with questions regarding this matter. For assistance please contact CWTSConsulting@craneww.com.
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