` Trade Group Petitions U.S. Over Potential Olive Oil Tariffs

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Trade Group Petitions U.S. Over Potential Olive Oil Tariffs

Apr. 23, 2019
By Daniel Dawson

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The North Amer­i­can Olive Oil Asso­ci­a­tion has launched a peti­tion to get olive oil removed from the United States Trade Representative’s (USTR) pro­posed list of retal­ia­tory tar­iffs against the Euro­pean Union.

It would be tan­ta­mount to a tax on the health of Amer­i­can con­sumers, who are the ones who will be most adversely impacted by tar­iffs on Euro­pean olive oils,” the group said in a state­ment.

The USTR should rec­og­nize the impor­tance of olive oil con­sump­tion to Amer­i­cans’ health, and the fact that there is no real­is­tic alter­na­tive source of sup­ply,” the NAOOA added.

Olive oil was included in a long list of tar­iffs that the USTR has pro­posed as a result of a World Trade Orga­ni­za­tion deci­sion that went against the 28-mem­ber trad­ing bloc, which includes Spain, Italy, Greece and Por­tu­gal.

Last year Amer­i­cans con­sumed 315,000 tons of olive oil, of which nearly 200,000 tons were imported from E.U. coun­tries. The World Trade Orga­ni­za­tion will announce its deci­sions on the pro­posed tar­iffs later in the year.

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