Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-14-Speech-3-260-750"
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"en.20120314.22.3-260-750"2
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"I welcomed this document because although the conflict over hormone-treated beef involved a relatively small amount of trade, it led to a reduction in trade and had significant repercussions on both sides of the Atlantic. The United States and Canada were authorised to impose trade sanctions on agricultural products imported from the EU. Close trading partners got entrenched in a lengthy and unconstructive trade dispute. The Memorandum of Understanding with the United States and the Memorandum of Understanding with Canada provide for three-phased arrangements, which gradually abolish the sanctions imposed by the United States and Canada on certain Union products. The agreement provides for the gradual lifting of sanctions imposed on EU agricultural products by the US and Canada, in exchange for an autonomous, zero-duty, tariff-rate quota for high-quality beef not treated with hormones. The quick and smooth adoption of the present regulation will help to re-build and strengthen good faith and bridge existing gaps in transatlantic trade relations in this sector. The final settlement of the beef hormone dispute should create further momentum towards greater economic and commercial integration between the EU and the US and Canada. Notwithstanding possible differences in opinion, the aim should always be to reach a compromise rather than disrupt bilateral trade. By further dismantling trade barriers with its major trading partners, the EU is demonstrating its commitment to strengthening this long-standing economic relationship in terms of trade."@en1
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