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For the first time in two decades ... a surprise US-European agreement on customs cuts for some comm

rocky
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For the first time in two decades ... a surprise US-European agreement on customs cuts for some comm Empty For the first time in two decades ... a surprise US-European agreement on customs cuts for some comm

Post by rocky on Sat 22 Aug 2020, 8:22 am

[size=35][size=35]For the first time in two decades ... a surprise US-European agreement on customs cuts for some commodities[/size]

International


2020-08-22 | 02:47
For the first time in two decades ... a surprise US-European agreement on customs cuts for some comm Doc-P-355706-637336759584559903



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[size=18]The United States and the European Union announced that they had agreed to reduce customs duties imposed on lobsters and some crystal glassware, in a surprise move that could pave the way for a truce in the trade war between the two parties.


The two countries said in a joint statement, "The US trade representative [url=https://www.alsumaria.tv/Entity/138465/%D8%B1%D9%88%D8%A8%D8%B1%D8%AA %D9%84%D8%A7%D9%8A%D8%AA%D9%87%D8%A7%D9%8A%D8%B2%D8%B1/ar/]Robert Lighthizer[/url] And European Trade Commissioner [url=https://www.alsumaria.tv/Entity/3656174846/%D9%81%D9%8A%D9%84 %D9%87%D9%88%D8%BA%D8%A7%D9%86/ar/]Phil Hogan[/url]We announced that an agreement had been reached on customs cuts that would increase the value of US and European exports to hundreds of millions of dollars.






"This is the first time in more than two decades that the United States has announced and ...[url=https://www.alsumaria.tv/Entity/44154/%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Union[/url]About a tariff reduction. ”

Since Donald Trump received the keys to the White House, trade tensions between the United States and[url=https://www.alsumaria.tv/Entity/44154/%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Union[/url] It is increasing after the US president pursued a firm protectionist agenda and imposed punitive tariffs on US steel and aluminum imports from Europe and other countries that were previously considered his country's partners.
The US president especially targeted Germany and its exports of cars, as well as France and its exports of wine and cheese.

A source said in[url=https://www.alsumaria.tv/Entity/44154/%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Union[/url]"We consider this agreement a first step towards easing tensions between the United States and the European Union."

According to the agreement reached by the two parties, it will be canceled[url=https://www.alsumaria.tv/Entity/44154/%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Union[/url]Customs duties on imports of American lobsters, both frozen and live.
According to the statement, the United States exported in 2017 to the countries of the Union 111 million dollars of these crustaceans, and customs duties on these imports will be canceled retroactively from 1 August 2020 for a period of 5 years.

For its part, Washington will reduce by 50% the customs duties it imposes on a number of goods exported by the European Union to the United States, which are valued at $ 160 million annually and include some ready meals, some crystal glassware, lighters and their spare parts, for a period of 5 years that began with retrospective effect. On August 1.

Lighthizer and Hogan emphasized in their statement that this agreement is "mutually beneficial" and improves relations between[url=https://www.alsumaria.tv/Entity/44154/%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Union[/url]And the United States is achieving positive results for both economies.

He stressed that this is only the beginning of a process in which other agreements will be concluded, allowing for more free, fair and equitable transatlantic trade relations.


https://www.alsumaria.tv/news/%D8%AF%D9%88%D9%84%D9%8A%D8%A7%D8%AA/355706/%D9%84%D8%A3%D9%88%D9%84-%D9%85%D8%B1%D8%A9-%D9%85%D9%86%D8%B0-%D8%B9%D9%82%D8%AF%D9%8A%D9%86-%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%A3%D9%85%D9%8A%D8%B1%D9%83%D9%8A-%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A-%D9%85%D9%81%D8%A7%D8%AC%D8%A6-%D8%B9%D9%84%D9%89-%D8%AA
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rocky
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For the first time in two decades ... a surprise US-European agreement on customs cuts for some comm Empty For the first time in two decades, a surprise US-European agreement on tariff cuts for some goods

Post by rocky on Sat 22 Aug 2020, 8:56 am

For the first time in two decades, a surprise US-European agreement on tariff cuts for some goods


For the first time in two decades ... a surprise US-European agreement on customs cuts for some comm 22638




Economy News _ Baghdad
The United States and the European Union announced that they had agreed to reduce customs duties imposed on lobsters and some crystal glassware, in a surprise move that could pave the way for a truce in the trade war between the two parties.
In a joint statement, the two countries said, "The US Trade Representative, Robert Lighthizer, and European Trade Commissioner Phil Hogan, announced an agreement on customs cuts that would increase the value of US and European exports to hundreds of millions of dollars."
"This is the first time in more than two decades that the United States and the European Union announce a reduction in customs duties," the statement added.
Since Donald Trump received the keys to the White House, trade tensions between the United States and the European Union have continued to increase after the US president pursued a firm protectionist agenda and imposed punitive tariffs on US steel and aluminum imports from Europe and other countries that were previously considered partners of his country.
The US president especially targeted Germany and its exports of cars, as well as France and its exports of wine and cheese.
A source in the European Union said, "We consider this agreement a first step towards easing tensions between the United States and the European Union."
Under the agreement reached by the two parties, the European Union will cancel customs duties on its imports of American lobsters, both frozen and live.
According to the statement, the United States exported in 2017 to the countries of the Union 111 million dollars of these crustaceans, and customs duties on these imports will be canceled retroactively from 1 August 2020 for a period of 5 years.
For its part, Washington will reduce by 50% the customs duties it imposes on a number of goods exported by the European Union to the United States, which are valued at $ 160 million annually and include some ready meals, some crystal glassware, lighters and their spare parts, for a period of 5 years that began with a retroactive effect. On August 1.
Lighthizer and Hogan emphasized in their statement that this agreement is "mutually beneficial", improves relations between the European Union and the United States, and brings positive results for both economies.
He stressed that this is only the beginning of a process in which other agreements will be concluded, allowing for more free, fair and equitable transatlantic trade relations.

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