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EU to enter discussions with U.S. on beef quota

bring imports exports port container ship FDS wissanu01/iStock/Thinkstock.
Announcement is result of July 25 agreement between countries to work together.

The European Commission recently announced intentions to enter discussion with the U.S. to review the functioning of the European Union's duty-free high-quality beef quota, a move it said aims to “settle a long-standing World Trade Organization dispute on export of U.S. beef.” The commission recommended allocating part of the existing 45,000 metric ton quota that's also available to other exporting countries to the U.S. in a manner that is consistent with WTO requirements.

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