On Thursday submitted a joint statement which In detail, it sets new customs relations between the US and the European Union (EU) with a total rate of 15 percent for the vast majority of exportsthe President of the European Commission (EC) Ursula von Der Leyen and the European Commissioner for Trade Maroš Šefčovič awarded the TASR newsletter.
- The agreement introduces 15% duty to most EU-USA exports.
- It includes strategic sectors such as cars, medicines and semiconductors.
- Exceptions include aircraft, generic drugs and natural resources.
- The agreement regulates standards, sanitary certificates and digital trade.
- The EU plans to expand the purchases of energy and semiconductors from the US.
The Commission in the media report specified that The 15 % customs load also applies to strategic sectors such as cars, medicines, semiconductors and wood. However, sectors, which are already subject to duties of the highest advantage of 15 % or more, will not be subject to additional duties.
“The EU will always try to achieve the best results for its citizens and businesses. We have achieved good results for our Member States and industry, we have restored the clarity and coherence of transatlantic trade. This is not the end of the process. We cooperate with the US to agree on further reduction of duties, identify other areas of cooperation and create greater potential for economic growth, ”explained von der Leyen. She added that the Union will continue to diversify its international business partnerships.
Šefčovič recalled in front of journalists in Brussels that Brussels has pushed for significant exceptions, whether for aircraft, generic drugs, chemical precursors and the like, with the EU and the United States exploring the possibility of expanding these exceptions for further sectors.
Key commitments of both parties include the general application of a maximum 15 % customs ceiling for EU products covered by reciprocal dutiesThe US commitment is that the export of drugs, semiconductors and wood from the EU will be included in this customs ceiling. It also pays a commitment to apply 15 % cars and car components from the first day of the month in which The EU will launch procedures to implement the reduction of duties set by the agreement.
Exceptions from a 15 % customs ceiling (USA will apply duties according to the highest benefit clause, ie zero or near zero) have been agreed on the following EU products – unavailable natural sources (including cork), aircraft and their components, generic drugs and their ingredients and chemical precursors.
Both parties have agreed to work on joint solutions to protect their economies from excessive supply capacity in the steel and aluminum sector and to create safe supply chains, also through solutions for customs quotas.
Both Brussels and Washington promote a mutual commitment to reduce poor barriers, as well as through cooperation in norms and streamlining sanitary and phytosanitarian certificates and facilitating mutual recognition of conformity assessment in other industrial sectors.
The agreement also applies to cooperation in the field of digital trade and moratories at duties in e -commerce and strengthened cooperation in the field of economic security (investment review, export control, fight against Nonrh’s policies and practices).
The EU wants to increase its energy security and resistance in the field of critical raw materials, which will be helped by transatlantic purchases of LNG, oil, supply for the nuclear industry (purchases for 700 billion euros over three years), but also semiconductors (purchases for € 40 billion). At the same time, the Union will increase the procurement of military and defense equipment from the US, which will increase NATO interoperability.
