Tuesday, October 16, 2018

BRINGING HOME THE BACON EUROPEAN UNION STYLE

Win-Win for the EU, Lose-Lose for Australia


The European Union floods Australia with tariff-free bacon but plans to hand a big portion of Australia’s tariff-free high quality beef EU access to the United States of America
In a shock announcement on the 3rd of September this year that has been largely un-reported in Australian media, the European Union Agriculture Commissioner, Mr Phil Hogan, advised that the Commission is recommending that the EU Council should effectively transfer a huge slice of Australia’s highly lucrative tariff-free 481 grain fed beef quota access to the United States of America.
This announcement has been made despite representations made by both the EU and the US to the WTO Dispute Settlement Body in 2009 that the tariff-free 481 EU Beef Quota would not be country of origin discriminatory. In short, Commissioner Hogan has recommended that the EU mandate a vote to increase the US quota to 35,000 tonnes, leaving only 10,000 tonnes of the 45,000 tonne 481 EU Beef Quota to be shared amongst 4 countries.
The European Union 481 Beef Quota is the only tariff-free quota available to Australian beef producers and Australia has been the major supplier to this quota since 2010, supplying some 17,000 tonnes of the 45,000 tonne quota.
Australian industry participants in this EU beef trade say that a reduction of this size to Australian access would render the remaining beef quota access to the EU largely unusable...

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