Source: Politico
Summary
The EU-US dairy deal is stalled due to regulatory concerns. The agreement, which has been delayed for months, would grant Brussels the power to suspend the deal if the US fails to meet certain commitments made last year. The deal aims to increase EU access to the US dairy market. The EU has raised concerns over US regulatory procedures. The agreement’s ratification is pending.
Our Reading
The trend returns with a new name.
The EU-US dairy deal’s regulatory concerns echo past trade agreements. The deal’s delayed ratification mirrors the struggles of the Transatlantic Trade and Investment Partnership (TTIP). The EU’s suspension powers resemble the enforcement mechanisms in the Comprehensive Economic and Trade Agreement (CETA). The US dairy market’s limited access is a longstanding issue. The agreement’s fate is a familiar tale of trade negotiations.
The cycle of trade agreements continues, with the EU-US dairy deal stuck in regulatory limbo.
Author: Evan Null
