Posts

Dry Bean Trade Policy Update

 
With so much going on in the world of trade policy for dry beans, the U.S. Dry Bean Council has provided a update:
 
China Phase One Agreement
A 5% reduction on dry bean retaliatory import duties to 38%, still not at levels previous to the ongoing trade dispute. We have also learned that Chinese importers can apply for an exemption to bring in U.S. dry beans at previous applied tariff rates.
 
US/UK Trade
Discussions continue on prospects for a US/UK trade agreement as the UK continues to define the terms of its trade regime during the transition Brexit year through the end of 2020. The UK government is holding a consultation period on its MFN tariff levels once Brexit is complete in 2021, this is open to comments through March 5, 2020.
 
US/EU Trade
There is renewed vigor to engage in trade discussions with the EU. Negotiations are starting up again behind the scenes while ongoing retaliatory tariffs remain in place.
 
CAFTA/DR
The CAFTA/DR trade agreement has reached full implementation for US Dry Beans. This means that all U.S. origin dry beans enter the Dominican Republic duty free with no limits on tonnage via TRQs. In many ways this opens the market to more bean imports from the U.S but it is also creating some roadblocks. We are addressing these with both the U.S. and DR governments to ensure full market access.

Dry Bean Trade Team Headed to the UK

A team of three industry delegates will head to the United Kingdom representing the U.S. Dry Bean Council for a packed week of business meetings with buyers and industry representatives in Manchester and London. The mission will wrap up with a visit to the trade division of the European Parliament in Brussels, where delegates will get an update on the implications of the ongoing tariff dispute that places 25 percent retaliatory tariffs on U.S. dry bean imports to the EU. Learn more about the trade mission.

Agriculture Not Included in EU Trade Talks

The European Union does not want to include agriculture in its trade talks with the United States. The EU has approved the terms for negotiating a trade agreement, and it limits the focus to industrial products.
 
Agriculture is a contentious issue for Europe and the U.S. The United States wants more access for its farm products and European Union protects its heavily subsidized farm sector. A 25 percent tariff remains on U.S. navy, kidney and Great Northern beans.