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WTO: EU can impose billions of dollars in tariffs on US goods, including seafood

October 19, 2020 โ€” The European Union can impose tariffs of up to USD 4 billion (EUR 3.4 billion) on imported products from the United States as a countermeasure for illegal subsidies given to American aircraft-maker Boeing, the World Trade Organization (WTO) has ruled.

The decision, made on 13 October, builds upon the WTOโ€™s earlier finding that recognized the Boeing subsidies were illegal.

Read the full story at Seafood Source

WTO deal on fishing subsidies could transform global seafood trade

October 14, 2020 โ€” Chinaโ€™s distant-water fishing industry has โ€œglorious achievementsโ€ to be proud of, according to the head of the state-sponsored lobby group representing the sector.

Speaking at the China International Fishery Cooperation Summit in Guangzhou recently, China Distant-Water Fishing Association Secretary General Huang Bao Shan said the development of the sector โ€œhas been orderlyโ€ and that it has invested in equipment upgrades that have modernized the fleet.

Read the full story at Seafood Source

COVID-19 Leaves Fisheries Observers in the Dark

October 5, 2020 โ€” The COVID-19 pandemic does not appear to have hindered the distant-water fleets of China and other major fishing nations, but it has largely sidelined the fishery observers and port officials who monitor illegal fishing.

โ€œIn most of the South Pacific, fishery inspectors cannot come onboard the vessel to do inspections before authorisingโ€ the transfer of catch, known as transshipment, says Francisco Blaha, a New Zealand-based fisheries adviser.

The presence of independent observers on trawlers is a frontline deterrent to illegal, unreported and unregulated (IUU) fishing. A 2016 study found that a third of the worldโ€™s fish catch is not reported.

โ€œThe absence of observers will bring a level of uncertainly on reportingโ€ catch, adds Blaha. โ€œThe biggest issue we have in the South Pacific is misreporting and underreporting by the licensed fleet.โ€

This absence comes as the World Trade Organisation (WTO) resumes negotiations in Geneva this month in the latest attempt to reach a consensus on a long-delayed agreement to eliminate harmful subsidies. These promote the IUU and over-fishing that is decimating global fish stocks.

Read the full story at The Maritime Executive

EU Eyes Tariffs Against the U.S., Putting Economy at Risk

October 1, 2020 โ€” The transatlantic trade conflict isnโ€™t showing signs of winding down any time soon, and a ruling from the World Trade Organization means that a fresh round of retaliatory tariffs could jeopardize the nascent economic recoveries in both the U.S. and the European Union.

The WTO gave the EU authorization to impose tariffs on $4 billion of U.S. exports over illegal government aid provided to Boeing Co., according to two people familiar with the decision. The EU previously said it would act on the levies immediately to counteract $7.5 billion of tariffs Washington placed on European goods in a separate case involving Toulouse, France-based Airbus SE.

The judgment comes at a delicate moment, with the U.S. presidential election just over a month away and as the U.S. and the EU struggle to recover from coronavirus-induced recessions. The EU tariffs will target coal producers, farmers and fisheries, in addition to aircraft makers, all politically important industries for President Donald Trump and his Republican allies in Congress.

Read the full story at Forbes

WTO Panel: US tariffs on China violate trade rules

September 16, 2020 โ€” A World Trade Organization panel established in January 2019 to examine U.S. tariffs on goods from China has found that the tariffs were not justifiable under WTO rules.

The tariffs, the first set of which was imposed in July 2018, covered USD 234 billion (EUR 197.8 billion) in Chinese goods, including hundreds of seafood products. Those initial tariffs sparked a trade war that has continued to this day โ€“ with some relaxations between the two countries in the wake of a โ€œPhase Oneโ€ trade deal initiated in January.

Read the full story at Seafood Source

Seafood could be casualty in escalating US trade spat with EU

July 31, 2020 โ€” US companies importing seafood into the United States from the European Union (EU) or United Kingdom may have to contend with an up to 100-percent tariff increase as part of a decades-long US World Trade Organization (WTO) dispute over subsidies given to Netherlands-based Airbus.

On July 26 the US Trade Representative (USTR) accepted its final comments for a proposal that $3.1 billion (โ‚ฌ2.6 billion) worth of products, including seafood, be slapped with tariffs of up to 100 percent. The United Kingdom is also included as part of that list.

The USTR is set to make a decision on the tariffs in August.

The seafood products, which have been considered for previous tariff action but have avoided US tariffs so far, are from Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain Sweden and the United Kingdom.

Read the full story at IntraFish

Proposed US tariffs on EU seafood products nearing end of consultation period

July 28, 2020 โ€” A bevy of seafood products from the European Union could be the target of new tariffs by the United States, stemming from a dispute over European subsidies for Airbus.

Starting in October, several mainly premium goods from the E.U. โ€“ such as Scotch whisky, cashmere, cheeses, and others โ€“ have carried a 25 percent tariff, with salmon and other seafood products barely avoiding a tariff in the trade spat. The tariffs stem from U.S. criticisms of what it calls over-subsidization of Airbus by European governments, with the World Trade Organization (WTO) allowing the U.S. to take USD 7.5 billion (EUR 6.3 billion) in retaliatory tariffs, BBC news reported.

Read the full story at Seafood Source

Chinaโ€™s demand for special status a sticking point in WTO fishing subsidies negotiations

July 23, 2020 โ€” World Trade Organization (WTO) talks on ending harmful fishing subsidies resumed this week, and a return to intensive negotiations has been set for September. The timeline, however, creates a tight squeeze to reach the 31 December deadline for a deal.

Santiago Wills, the chairman of the talks, brought the heads of delegations together on 21 July for a plenary session, the first such in-person session in a month. But while there had been hopes recently of a pathway to a deal, there appears to be new friction between Beijing and Washington over Chinaโ€™s claims to developing nation status.

Read the full story at Seafood Source

WTO talks on curbing fishing subsidies may restart in July

June 17, 2020 โ€” There are some signs that talks at the World Trade Organization on ending harmful fishery subsidies may restart next month after being suspended due to the coronavirus outbreak.

A Heads of Delegation meeting has been announced by the negotiations chair for 25 June to begin discussing the latest draft proposal for a deal. A follow-up meeting for delegation leaders on 21 July will set a potential Autumn work program for negotiators.

Read the full story at Seafood Source

WTO fisheries talks suspended due to COVID preoccupations: document

May 21, 2020 โ€” World Trade Organization negotiations aimed at cutting billions of dollars in subsidies that contribute to overfishing have been suspended due to opposition from some countries that are too preoccupied with COVID-19, an internal document showed.

In an email to WTO delegates, chair Santiago Wills said some members were โ€œunable to engage in negotiation discussions due to their need to combat COVID-19 pandemic domesticallyโ€ as well as movement restrictions.

โ€œIt is fair to say that the Group as a whole is not ready to fully engage while still facing these struggles,โ€ the email sent on May 7 said. Wills declined to comment.

It was not clear exactly which countries objected although a trade official said the African, Caribbean and Pacific States Group had raised doubts.

Read the full story at Reuters

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