October 19, 2020 — The European Union can impose tariffs of up to USD 4 billion (EUR 3.4 billion) on imported products from the United States as a countermeasure for illegal subsidies given to American aircraft-maker Boeing, the World Trade Organization (WTO) has ruled.
The decision, made on 13 October, builds upon the WTO’s earlier finding that recognized the Boeing subsidies were illegal.
October 14, 2020 — China’s distant-water fishing industry has “glorious achievements” to be proud of, according to the head of the state-sponsored lobby group representing the sector.
Speaking at the China International Fishery Cooperation Summit in Guangzhou recently, China Distant-Water Fishing Association Secretary General Huang Bao Shan said the development of the sector “has been orderly” and that it has invested in equipment upgrades that have modernized the fleet.
October 5, 2020 — The COVID-19 pandemic does not appear to have hindered the distant-water fleets of China and other major fishing nations, but it has largely sidelined the fishery observers and port officials who monitor illegal fishing.
“In most of the South Pacific, fishery inspectors cannot come onboard the vessel to do inspections before authorising” the transfer of catch, known as transshipment, says Francisco Blaha, a New Zealand-based fisheries adviser.
The presence of independent observers on trawlers is a frontline deterrent to illegal, unreported and unregulated (IUU) fishing. A 2016 study found that a third of the world’s fish catch is not reported.
“The absence of observers will bring a level of uncertainly on reporting” catch, adds Blaha. “The biggest issue we have in the South Pacific is misreporting and underreporting by the licensed fleet.”
This absence comes as the World Trade Organisation (WTO) resumes negotiations in Geneva this month in the latest attempt to reach a consensus on a long-delayed agreement to eliminate harmful subsidies. These promote the IUU and over-fishing that is decimating global fish stocks.
October 1, 2020 — The transatlantic trade conflict isn’t showing signs of winding down any time soon, and a ruling from the World Trade Organization means that a fresh round of retaliatory tariffs could jeopardize the nascent economic recoveries in both the U.S. and the European Union.
The WTO gave the EU authorization to impose tariffs on $4 billion of U.S. exports over illegal government aid provided to Boeing Co., according to two people familiar with the decision. The EU previously said it would act on the levies immediately to counteract $7.5 billion of tariffs Washington placed on European goods in a separate case involving Toulouse, France-based Airbus SE.
The judgment comes at a delicate moment, with the U.S. presidential election just over a month away and as the U.S. and the EU struggle to recover from coronavirus-induced recessions. The EU tariffs will target coal producers, farmers and fisheries, in addition to aircraft makers, all politically important industries for President Donald Trump and his Republican allies in Congress.
September 16, 2020 — A World Trade Organization panel established in January 2019 to examine U.S. tariffs on goods from China has found that the tariffs were not justifiable under WTO rules.
The tariffs, the first set of which was imposed in July 2018, covered USD 234 billion (EUR 197.8 billion) in Chinese goods, including hundreds of seafood products. Those initial tariffs sparked a trade war that has continued to this day – with some relaxations between the two countries in the wake of a “Phase One” trade deal initiated in January.
July 31, 2020 — US companies importing seafood into the United States from the European Union (EU) or United Kingdom may have to contend with an up to 100-percent tariff increase as part of a decades-long US World Trade Organization (WTO) dispute over subsidies given to Netherlands-based Airbus.
On July 26 the US Trade Representative (USTR) accepted its final comments for a proposal that $3.1 billion (€2.6 billion) worth of products, including seafood, be slapped with tariffs of up to 100 percent. The United Kingdom is also included as part of that list.
The USTR is set to make a decision on the tariffs in August.
The seafood products, which have been considered for previous tariff action but have avoided US tariffs so far, are from Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain Sweden and the United Kingdom.
July 28, 2020 — A bevy of seafood products from the European Union could be the target of new tariffs by the United States, stemming from a dispute over European subsidies for Airbus.
Starting in October, several mainly premium goods from the E.U. – such as Scotch whisky, cashmere, cheeses, and others – have carried a 25 percent tariff, with salmon and other seafood products barely avoiding a tariff in the trade spat. The tariffs stem from U.S. criticisms of what it calls over-subsidization of Airbus by European governments, with the World Trade Organization (WTO) allowing the U.S. to take USD 7.5 billion (EUR 6.3 billion) in retaliatory tariffs, BBC news reported.
July 23, 2020 — World Trade Organization (WTO) talks on ending harmful fishing subsidies resumed this week, and a return to intensive negotiations has been set for September. The timeline, however, creates a tight squeeze to reach the 31 December deadline for a deal.
Santiago Wills, the chairman of the talks, brought the heads of delegations together on 21 July for a plenary session, the first such in-person session in a month. But while there had been hopes recently of a pathway to a deal, there appears to be new friction between Beijing and Washington over China’s claims to developing nation status.
June 17, 2020 — There are some signs that talks at the World Trade Organization on ending harmful fishery subsidies may restart next month after being suspended due to the coronavirus outbreak.
A Heads of Delegation meeting has been announced by the negotiations chair for 25 June to begin discussing the latest draft proposal for a deal. A follow-up meeting for delegation leaders on 21 July will set a potential Autumn work program for negotiators.
May 21, 2020 — World Trade Organization negotiations aimed at cutting billions of dollars in subsidies that contribute to overfishing have been suspended due to opposition from some countries that are too preoccupied with COVID-19, an internal document showed.
In an email to WTO delegates, chair Santiago Wills said some members were “unable to engage in negotiation discussions due to their need to combat COVID-19 pandemic domestically” as well as movement restrictions.
“It is fair to say that the Group as a whole is not ready to fully engage while still facing these struggles,” the email sent on May 7 said. Wills declined to comment.
It was not clear exactly which countries objected although a trade official said the African, Caribbean and Pacific States Group had raised doubts.