News

Spanish Ripe Olives Duty Changes

News have emerged from Washington D.C. regarding the alleged not-so-fair-trade of the Spanish Olives within the continent of North America.

Below you will find a segment from the publication of the Office of Public Affairs of the U.S. Government:

Today, U.S. Secretary of Commerce Wilbur Ross announced the initiations of new antidumping duty (AD) and countervailing duty (CVD) investigations to determine whether imports of ripe olives from Spain are being dumped in the United States, and whether producers in Spain are receiving alleged unfair subsidies.

“The Department of Commerce will ensure a full and fair assessment of the facts, and, if the rules are being broken, will act swiftly to halt any unfair trade practices,” said Secretary Ross. The United States is committed to a free, fair and reciprocal trade with Spain.”

These news give birth to new possibilities of the Eastern Mediterranean olive manufacturers, such as Greece, who will now have the chance to battle head to head with one of the largest manufacturers of ripe olives worldwide. 

This change will of course primarily favor California based manufactures of ripe olives, who will be able to battle against their Spanish counterparts with more convenient terms, however this will give a chance to the less-developed exports of Greek Ripe olives towards the western world.

For the complete publication visit: https://www.commerce.gov/news/press-releases/2017/07/us-department-commerce-initiates-antidumping-and-countervailing-duty

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