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Tuesday, March 9, 2021

EU Lawmakers Support US Lobster Agreement

European Union lawmakers supported on Wednesday afternoon a small trade agreement with the United States in order to remove tariffs from the European bloc on American lobsters, following the victory of Democratic nominee Joe Biden in the US presidential election.

European Union lawmakers supported on Wednesday afternoon a small trade agreement with the United States in order to remove tariffs from the European bloc on American lobsters, following the victory of Democratic nominee Joe Biden in the US presidential election.

“Thanks to our engagement, the Commission is now more assertive on the U.S. aluminum tariffs. This, in addition with a new U.S. administration, puts the lobster deal in a new light,” the chair of the European parliament’s international trade committee Bernd Lange said in a statement after the vote in Brussels, Belgium.

Under an agreement struck in August, the European Union will remove tariffs between 8 percent and 12 percent on imports of lobsters, while the United States will halve its duties on imports of certain glassware, ceramics, disposable lighters and prepared meals.

The deal, worth some $200 million in annual trade, now needs to be approved by the European Parliament and by the European Council, the grouping of EU governments.

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