Final decision of the World Trade Organization on US tariffs on Spanish black olives It will be postponed to the first quarter of 2024This was announced on Friday by the expert committee responsible for the case.
The committee was at the beginning 90 days after case reopens. However, it notified the Dispute Settlement Authority of this new date “due to the delay in the regulatory phase and The parties requested additional time To submit their reports in writing.
On July 28, the World Trade Organization agreed to reopen the case Determine whether the United States has complied with its previous sentence Against the customs duties imposed by that country on Spanish black olives, at the request of the European Union.
despite of The World Trade Organization had already ruled in favor of Spain In the dispute that began in 2019, with the November 2021 decision in which it was noted that US tariffs were not consistent with international regulations The European Union considers that the United States is not complying with this ruling.
The European Union considers the cuts insufficient
In January 2023, the US International Trade Administration reduced, however Only partiallyits tariffs, which for practical purposes decreased from the previous 35% to 31%, This is something that the European Union considers insufficient.
In the United States, black olives are mainly used to make pizza and desserts Spanish exports From the producer to this economy amounted to approx 70 million euros annually According to 2017 figures.
The European Union has attached great importance to this trade conflict since the beginning of the conflict, as it fears that a decision will be issued by the World Trade Organization Favorable to the United States That this country uses it for Challenging the entire agricultural subsidy policy in Europe, Which falls under the CAP umbrella.
Eight countries have joined (Brazil, Canada, China, India, Japan, Russia, Switzerland and Turkey). Third parties in the disputewhich was ruled for four years by a panel composed of commercial law experts Daniel Mullis, Martin Garcia, and Charice Tan.
