WTO gives mixed ruling on U.S. tariffs on Spanish olives -Breaking
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© Reuters. FILEPHOTO: A row of olive trees stands in the Porcuna, south Spain, October 15, 2019. Picture taken October 15, 2019. REUTERS/Marcelo del PozoGENEVA (Reuters). The World Trade Organization issued a mixed ruling Friday on a U.S.-related case involving U.S. Tariffs on Spanish Olives. It found that while the United States had rightly determined that the olives were being dumped on American markets, it did not prove they received subsidies.
In August 2018, the Trump administration imposed duties and subsidies to combat dumping. The total amount was between 30.64% – 44.47%.
The European Commission is responsible for trade policy oversight in the European Union of 27 nations. On Friday, a panel composed of three people issued its conclusion.
The EU complained about tariffs that countersubventions was accepted by the U.S. The EU’s Common Agricultural Policy was not targeted at olive growers. A U.S. regulation that allowed Washington to accept all aid passed to exporters as WTO-compliant was also accepted.
However, the panel rejected an EU claim based on U.S. injury assessment related to antidumping and subsidy duties.
The panel suggested that the United States conform its actions to global trade regulations.
The Commission claims that the US export of ripe olives to Spain fell almost 60% from the 26 million Euros per year before the tariffs were applied.
According to the Commission, its efforts in defending the Spanish growers’ interests were paying off. It expects the United States will take the appropriate measures.
The anti-subsidy duty would be eliminated. If they were not removed, then the remaining antidumping duties range from 16.88% up to 25%. Aceitunas Guadalquivir (Agro Sevilla Aceitunas) and Angel Camacho Alimentacio are the three named exporters.
The United States appealed often against panel decisions, but its blocking of WTO’s appellate bodies means that such appeals are legally null.
It could also appeal if the case fails to go through an interim appeals system that the European Union set up with other nations, but not with America, and the Commission may impose retaliatory steps.
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