Canada and EU settle dispute on beef import restrictions following trade deal

​Canada has agreed to drop a decades-old trade dispute against the European Union’s restriction of beef imports thanks to terms in the recently enacted Canada-EU trade agreement.

The dispute goes back to 1989 when the European Union closed the door on imports of hormone-treated beef, leading both Canada and the United States to challenge the decision at the World Trade Organization.

In a joint statement posted to the WTO website Tuesday, Canada and the EU said that the Comprehensive Economic and Trade Agreement that went into force last month was “conducive for finding a mutually agreed solution and settling the dispute.”

The terms of the CETA deal allows Canada to export 50,000 tonnes of hormone beef duty-free, while in Tuesday’s release Canada agreed to suspend its dispute on the hormone issue while the trade deal remains in place.

Full article can be found at:

http://www.cbc.ca/news/canada/calgary/trade-dispute-beef-canada-eu-1.4320867

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