Home » The Biden era begins, Confagricoltura “Dialogue to overcome duties”

The Biden era begins, Confagricoltura “Dialogue to overcome duties”

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ROME (ITALPRESS) – “There is the possibility of relaunching a constructive dialogue on trade relations between the European Union and the United States of America, definitively overcoming the season of duties and retaliation measures”. Thus the president of Confagricoltura, Massimiliano Giansanti, about the official installation of Joe Biden in the White House. “A first positive signal could arrive, we hope in a short time, with an agreement on the matter of public aid to the Airbus and Boeing groups, highlights Giansanti, which has led to the imposition of customs duties also on the agri-food sector absolutely unrelated to the matter”, adds. In this regard, Confagricoltura reminds that since October 2019 Italian exports of cheeses, citrus fruits, cured meats, wines and spirits destined for the US market, for a total value of approximately 500 million euros, are subject to an additional duty of 25%. “The discussion should also be restarted to define a shared solution in the field of taxation on digital services, for which – notes the president of Confagricoltura – the outgoing US administration has threatened the imposition of duties on imports from some EU member states,” Italy included “. “In general, the first statements made by President Biden and his collaborators make it possible to relaunch the multilateral trade management system and a reform of the WTO (World Trade Organization)”. “The disputes between the EU and the United States – notes Giansanti – have so far prevented the appointment of the new director general of the WTO and the failure to appoint US representatives has long been blocking the activity of the appeal body for the resolution of disputes. Organization is in fact paralyzed “. “For the Made in Italy agri-food sector, the US is the first outlet market outside the EU – notes Giansanti. Driven by wines, sales total nearly 5 billion euros a year”. Over 12% of EU agri-food exports are destined for the US market, while sector imports account for 8% of total US sector exports. The latest data from the EU Commission indicate that bilateral trade has significantly decreased, about 1.2 billion euros from January to August of last year over the same period of 2019. “The relaunch of cooperation is therefore in the common interest”, concludes Giansanti. (ITALPRESS). sat / com 20-Jan-21 11:11

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