EU welcomes US move on wheat gluten

- Last updated on GMT

Related tags: International trade, European union

The European Commission welcomed the US decision this week not to
extend the wheat gluten quota. Following this move by the US the
Commission will not...

The European Commission welcomed the US decision this week not to extend the wheat gluten quota. Following this move by the US the Commission will not renew the EU tariff on imports of US corn gluten feed, which was applied partially to rebalance the lost trade resulting from the wheat gluten quota. Franz Fischler, Commissioner for Agriculture, Fisheries and Rural Development, said "I am pleased that this trade irritant is now behind us. This is the second problem relating to an agricultural product which has been resolved (the first of course being bananas) within a few WTO-condemned measure, would have sent a very bad signal for the bilateral relationship".​ Pascal Lamy, Commissioner for Trade added "It is important that the use of safeguard measures be subject to the strict conditions set out in the WTO; {it is} further evidence that trade problems between the US and EU can be resolved in a practical manner. "​ The wheat gluten quota was imposed in 1998 and cut EU exports to the US by 40 per cent while leaving the other major suppliers, Australia and Canada, effectively untouched. The safeguard was found to be incompatible with WTO rules in January 2001. European Commission

Related topics: Policy

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