According to Reuters, Brazil's farm minister said the tariff-rate quota for wheat imports that was agreed to during Brazilian President Jair Bolsonaro's Washington visit this week (see 1903190056) was for all global wheat exporters, not exclusively the U.S.
The U.S. and Brazil will initiate a mutual recognition agreement for trusted trader programs between the two countries at the instructions of President Donald Trump and President Jair Bolsonaro of Brazil, the White House said in a March 19 announcement. An MRA "will reduce costs for American and Brazilian companies," it said. Brazil will also "implement a tariff rate quota, allowing for the annual importation of 750 thousand tons of American wheat at zero rate," the White House said. The U.S. will also "expeditiously schedule a technical visit" by the Food Safety and Inspection Service "to audit Brazil’s raw beef inspection system, as soon as it is satisfied with Brazil’s food safety documentation," the White House said. "Commensurate with its status as a global leader, President Bolsonaro agreed that Brazil will begin to forgo special and differential treatment in World Trade Organization negotiations, in line with the United States proposal," the White House said.
Venezuela is asking a World Trade Organization panel to intervene in U.S.-imposed sanctions on the country, including those imposed on Petroleos de Venezuela, the state-run oil company, according to a memo Venezuela sent to the WTO’s Dispute Settlement Body chairperson. The U.S. “refused” consultations with Venezuelan officials after the country requested consultations in December, prompting Venezuela to take the next step and request establishment of a WTO dispute resolution panel. In the memo, Venezuela describes the U.S. actions as “coercive and trade-restrictive measures” and an “attempt to isolate it economically.” Venezuela also called them “discriminatory.”
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The United Kingdom signed trade continuity agreements with Fiji and Papua New Guinea to continue trading on the same terms after the U.K.’s planned withdrawal from the European Union, the U.K.’s Department for International Trade said. “The agreement allows businesses to trade as freely as they do now, without any additional barriers or tariffs. It eliminates all tariffs on all goods imported from Fiji and Papua New Guinea into the UK and will gradually remove around 80% of tariffs on British exports to these countries,” it said.
China is temporarily eliminating import tariffs on certain oil-meal products in an effort to find an alternative for soybean meal, according to a March 11 report from the U.S. Department of Agriculture. The 2019 tariff change was set for this, along with other selected commodities, at the end of 2018 “to encourage oil meal imports as a substitute,” USDA said, as a result of the sharp drop in soybean imports in 2018 because of the ongoing U.S.-China trade dispute. USDA defines the oil-related products as “plant-based oil meals,” which includes oil residue resulting from extractions of peanut oil, cotton seeds, sunflower seeds, linseeds, rapeseeds, coconuts and “other plant products used in animal feeding.” China has eliminated import tariffs on those products for 2019, starting Jan. 1, the report said.
The European Union recently issued a guidance document on trade and customs procedures for the EU after the withdrawal of the United Kingdom if there is no deal between the EU and U.K, according to a posting on the Malta Customs website. The guidance includes information on country of origin status, entry requirements, special duty-free classification and special procedures including transit, warehousing and inward and outward processing.
Mexico’s secretary of economy hopes to publish a decree later this week that will increase duties to 15 percent on 186 tariff lines, according to a report in El Universal. The tariff increase will apply to the steel, textile and apparel and footwear sectors, the report said. The steel tariff is being imposed to “avoid injury to domestic industry by worldwide steel overproduction" and the illicit means by which metals are imported into Mexico, it said.
Indonesia and Australia signed a trade agreement that provides tariff benefits for Australia and eases restrictions on import licenses on certain agricultural products, according to a notice from Australia's Department of Foreign Affairs and Trade. The agreement, called the Indonesia-Australia Comprehensive Economic Partnership Agreement, provides Australia with lowered tariffs and “import license advantages” on “live cattle, frozen beef, sheep meat, feed grains, citrus products, carrots, and potatoes,” according to a March 8 report from the U.S. Department of Agriculture.
The Mexican government is considering adding new products to a list of U.S. goods that face higher tariffs in response to U.S. tariffs on steel and aluminum. During a March 6 meeting "of the Foreign Trade Commission of the Mexican Senate, Luz Maria de la Mora-Sanchez, Foreign Trade Undersecretary of Mexico’s Ministry of Economy, announced that the Mexican government is planning to include additional items on its list of U.S. products subject to retaliatory measures," law firm Thompson Hine said in a blog post. The additional goods may be finalized by April, Thompson Hine said.