European Union threatens to impose tariffs on US corn bran (8.11)

OA show ('918 '); on Tuesday, the European Union threatened to impose tariffs on US corn gluten feed if the United States did not withdraw its quotas for wheat gluten imports from EU countries, which it believed violated world trade norms In a report on Monday, the world trade organization's dispute settlement panel said the U.S three-year quota system for wheat gluten imported from European Union countries or other food supply countries undermined the WTO's "security defense" agreement The European Commission said in a statement that "the WTO wants the United States to follow international trade norms and stop this practice in order to reduce unnecessary trade disputes." "If the U.S does not withdraw the wheat bran import quota system, the European Union will have to impose compensatory tariffs on the U.S corn bran feed within five days according to the report of the WTO dispute settlement panel." The European Commission said According to the "security defense" agreement of the trade organization, if this trade protection measure of the United States conflicts with the relevant provisions of this agreement, the European Union has the right to take retaliatory measures against the United States in terms of tariffs and withdraw some trade concessions made to the United States A European Commission official said the WTO dispute settlement panel would receive a report at the end of the matter As for when this matter will be resolved, it depends on whether the United States decides to appeal again "If the United States decides not to appeal, the dispute settlement panel will receive the report and the United States will cancel this trade protection measure within five days Even if the United States decides to appeal, the outcome of the original judgment will obviously not change much " The official said European corn starch producers called on the United States to withdraw the quota system for wheat gluten imports from EU countries as soon as possible Gluten is a kind of protein rich raw material, which is used to make all kinds of baked food, pasta, processed meat and animal food Corn bran is used as raw material for animal food European feed traders are not in favor of the threat that the European Commission will impose tariffs on imports of US corn bran "I think it's all about making a show It's hard to imagine what it would be like to actually implement it " A trader in compound feed processing told Reuters in Amsterdam "The corn bran market is aware of this, but it's not very responsive." Another Dutch trader said EU countries are the largest importers of corn bran in the United States, with an annual import volume of about 4 million tons U.S President Bill Clinton introduced a three-year quota system for wheat gluten imported from European Union countries in 1998, when the U.S International Trade Commission realized that the sharp increase in imports seriously damaged domestic producers in the United States As a major supplier of products to the United States - with trade of $41 million in 1997 - the countries of the European Union have been severely affected by the US policy, the European Commission said The WTO team said that there is only one reason for the United States to do so, that is, the financial and financial environment of the industry downturn in the United States The WTO also commented that it was inappropriate for the United States to exclude Canada from import quotas, and that it did not consult fully with EU organizations before making this policy decision U.S attorney in the case, Adolf Stein, said Monday he wants the Clinton administration to appeal China feed industry information network n9t (author:)