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5/8/09

CSM: A victory for cheese eaters? US-EU trade spat defused - by James Hagengruber


For the complete report from csmonitor.com click on this link

A victory for cheese eaters? US-EU trade spat defused - by James Hagengruber

A trade war that pitted hormone-treated beef from the United States against gourmet food items from the European Union (EU) appears to have been averted. In the US, this means wedges of Roquefort cheese won't be tripling in price. Proposed punitive duties against 34 other "luxury" food products from the EU – from Irish oatmeal to Italian mineral water – also will not take effect. In Europe, the tentative trade dispute settlement means consumers won't have to worry about hormones lurking in the beefsteaks and burgers that come from the US. The US dropped the tariff increases after the EU agreed to quadruple the allowed quotas of duty-free beef from the US. The beef, however, must be free from hormone treatments.

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