Is EU ready to work with Biden administration in settling trade disputes?
EU ready to work with Biden administration to resolve trade disputes
The start of full-fledged negotiations with the EU has been postponed due to senators who have not yet approved Biden’s candidate for the post of head of the US Trade Mission
EU officials on Thursday highlighted the new US administration’s decision to refrain from imposing additional EU import duties that could have been imposed as a result of a long-standing dispute over duties on aircraft, and pledged to work to resolve other trade disputes with the United States..
The Office of the US Trade Office on Thursday announced its agreement with American industrial manufacturers, who believe that there is no need to revise the existing import duties on goods from Europe at the moment..
On Wednesday, the Office of the Trade Office said Washington hopes to work with European allies to resolve a dispute over subsidies to European aircraft manufacturer Airbus and its US rival Boeing Co..
On Thursday, an EU spokesman said that the EU “is ready to interact with the new US administration on the basis of the program of global changes in relations between the EU and the US, which we adopted on December 2. Our goal is to find solutions to our ongoing trade disputes, including those over Airbus / Boeing. “.
The American-Italian Food Coalition, which includes more than 450 Italian companies, manufacturers and trade groups, said the move would give both sides time to work out a solution..
“The Biden administration successfully pushed the pause button in yet another round of tariffs,” the coalition said in a statement..
EU and UK officials are pushing for a deal with the Joe Biden administration, but negotiations could be on the verge of collapse if the Senate does not shortly approve Catherine Ty, Biden’s nominee as head of the Trade Mission. This process could take several more weeks, as Tye’s confirmation hearing has yet to be scheduled..
UK and EU officials in the US on Monday stressed their willingness to resolve dispute over subsidies for aircraft manufacturers.
EU Ambassador to the US, Stavros Lambrinidis, said Brussels is proposing to suspend the duties for six months for both sides to provide an opportunity for negotiations. The UK, which is no longer a member of the EU but remains a member of the Airbus consortium, has pledged to waive duties, possibly unilaterally, as a gesture of goodwill..