Europe South Asia Asia Pacific Americas Middle East Africa BBC Homepage World Service Education



Front Page

World

UK

UK Politics

Business

Sci/Tech

Health

Education

Sport

Entertainment

Talking Point

In Depth

On Air

Archive
Feedback
Low Graphics
Help

Monday, July 26, 1999 Published at 16:29 GMT 17:29 UK


Business: The Economy

WTO authorises beef trade sanctions

US farmers use growth hormones to raise the meat yield of their cattle

The World Trade Organisation has formally authorised the United States and Canada to impose trade sanctions on EU products.

World trade wars
The EU has refused to import beef from North America that has been treated with growth hormones, arguing that it could pose a health risk.

But the WTO disputes panel ruled that the EU was in breach of international trade sanctions, and has now allowed the US and Canada to impose $124m in punitive tariffs on EU agricultural products.

The ruling clears the way for the United States to begin imposing the tariffs on 29 July.

The tariffs are designed to hit hardest those countries which have been most vocal in their oppoistion to US beef.

The US has already announced a long list of products, from Roquefort cheese to Danish pork, that will be, in effect, frozen out of US markets.

The UK, which has argued in favour of lifting the ban, has escaped without any tariff damage.

Canada will produce its own list of punitive tariffs on EU goods shortly.

Goods from the European Union's 15 member states, ranging from handbags to bed linen, are already subject to extra U.S. tariffs worth $191m after Washington won WTO approval in April for sanctions in a row over EU banana import rules.

The EU, which had accepted it would have to agree with the WTO findings, had hoped to negotiate with the United States on a settlement under which it would cut tariffs on an agreed range of US imports to the value the arbitrators had set.





Advanced options | Search tips




Back to top | BBC News Home | BBC Homepage | ©


The Economy Contents


Relevant Stories

19 Jul 99 | Europe
US batters Europe in beef war

13 May 99 | The Economy
US beef trade row talks fail

29 Apr 99 | The Economy
Thaw in EU-US trade tensions

21 Apr 99 | The Company File
EU beefs up US trade war

05 Mar 99 | The Economy
Hell-bent on a trade war





Internet Links


WTO


The BBC is not responsible for the content of external internet sites.




In this section

Inquiry into energy provider loyalty

Brown considers IMF job

Chinese imports boost US trade gap

No longer Liffe as we know it

The growing threat of internet fraud

House passes US budget

Online share dealing triples

Rate fears as sales soar

Brown's bulging war-chest

Oil reaches nine-year high

UK unemployment falls again

Trade talks deadlocked

US inflation still subdued

Insolvent firms to get breathing space

Bank considered bigger rate rise

UK pay rising 'too fast'

Utilities face tough regulation

CBI's new chief named

US stocks hit highs after rate rise

US Fed raises rates

UK inflation creeps up

Row over the national shopping basket

Military airspace to be cut

TUC warns against following US

World growth accelerates

Union merger put in doubt

Japan's tentative economic recovery

EU fraud costs millions

CBI choice 'could wreck industrial relations'

WTO hails China deal

US business eyes Chinese market

Red tape task force

Websites and widgets

Guru predicts web surge

Malaysia's economy: The Sinatra Principle

Shell secures Iranian oil deal

Irish boom draws the Welsh

China deal to boost economy

US dream scenario continues

Japan's billion dollar spending spree