U.S., Canada and EU Agree to End Beef Growth Hormone Rift
According to news sources, a 25-year-old trade dispute pitting European Union (EU) laws prohibiting the import of beef treated with growth hormones and U.S. and Canadian trade sanctions imposing hundreds of millions of dollars of duties on EU exports of Roquefort cheese, truffles, chocolates, and other comestibles has been resolved. The U.S. and Canadian tariffs reportedly cost EU exporters more than US$250 million annually. In exchange for lifting a 100 percent ad valorem duty against EU products, the EU has agreed to increase quotas on imports of hormone-free beef to 48,200 metric tons under the deal. The agreement will allow the EU to maintain its ban on imports of hormone treated beef. Additional details about the dispute appear in Issues 103, 255, 262, 278, and 289 of this Update. See Law 360 and European Parliament News, March 14, 2012.
