Spanish black olive exports to the US have fallen by more than 70% since the tariffs were implemented
Madrid, 19 (Europa Press)
The government has applauded the decision of the World Trade Organization (WTO), which ruled that measures adopted by the United States against Spanish black olives are inconsistent and that ‘anti-dumping’ and anti-subsidy tariffs should be abolished, So Joe has asked the Joe Biden administration to end these taxes affecting the Spanish product.
After receiving the opinion of the WTO, Reyes Marotto, the Minister of Industry, Trade and Tourism, described the international organization’s decision as “excellent news“. “We have always defended that anti-subsidy measures for Spanish black olives are completely unjustified and this has been confirmed by the World Trade Organization itself,” he stressed in a statement.
In addition, Marotto stressed that it is “a great step to reach a definitive solution with the US government to eliminate these measures that are causing so much damage to Spanish black olive exports.” “We are going to continue to work with Acemesa and other associations to protect the interests of Spanish olive growers and we are going to use all means at our disposal to eliminate these tariffs,” he emphasized.
The report concludes that the United States’ measures are inconsistent with WTO rules and, therefore, recommends that they be implemented in line with the United States’ obligations under the GATT 1994 Agreement and the WTO’s Anti-Dumping and Subsidy and Countervailing Agreements. be brought into line. ,
Industry has indicated that this opinion supports the EU’s argument that it filed before a WTO panel, adding that the process has also been sued by the US Court of International Trade. Spanish exporter before this body.
deep impact on exports
The dispute with the United States over black olives began in July 2017 when competent US officials, the Department of Commerce (DOC) and the International Trade Commission (ITC), launched an ‘anti-dumping’ investigation and another anti-subsidy that affected Imports black olives originating in Spain.
As a result of these investigations, on 1 August 2018, the US Administration implemented anti-dumping and anti-subsidy measures, treating subsidies for this production as unfair competition.
Some measures that have had a significant impact on exports from Spain to the US market over the past three years, taking 2017 as a reference (about $70 million), have since decreased by more than 70%.
In January 2019, in the light of irregularities in the investigative process adopted by the North American Administration and questioning CAP assistance, the European Commission, at the request of the Spanish government, requested consultations with the United States before the WTO and, As these were unsuccessful, the panel was set up in June of the same year.