Europe ended Wednesday a two-decade beef trade war with the United States and Canada by increasing imports of high-quality meat while keeping a ban on hormone-treated beef. The European Parliament voted overwhelmingly in favour of a deal to resolve the dispute, which erupted in 1988 when Europe banned imports of beef products from animals that are given growth hormones. In retaliation, the United States and Canada, with the backing of the World Trade Organization, limited imports of certain EU products ranging from chocolate to cheese and mustard in 1999. The deal will see the 27-nation European Union increase imports of hormone-free US beef by 25,000 tonnes, bringing the annual total to 45,000 tonnes, and Canadian beef imports by 3,200 tonnes. The United States and Canada have already fulfilled their end of the bargain by lifting the sanctions on European products. The parliament voted 650 in favour, 11 against to endorse the 2009 agreement.
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor