EU Adjusts Export Refunds on Pasta Under US-EU Agreement
The European Union has announced a reduction in export refunds for pasta (HS Code: 1902) to comply with the US-EU Pasta Agreement. This impacts trade dynamics with niche markets like the Cocos (Keeling) Islands.
October 15, 2023
Impact: Reduced refunds may increase pasta export prices, potentially affecting demand in small markets like the Cocos (Keeling) Islands, though trade volume remains minimal.
US-EU Pasta Agreement Sparks Discussion on Small Territory Trade
Recent talks on the US-EU Pasta Agreement highlighted the implications of reduced export refunds for pasta (HS Code: 1902) on trade with remote territories, including the Cocos (Keeling) Islands.
September 20, 2023
Impact: Minimal direct impact due to low trade volume, but potential precedent for future agricultural trade policies affecting small territories.
EU Implements Reduced Export Refunds for Pasta Exports
As part of the US-EU Pasta Agreement, the EU has officially lowered export refunds for pasta (HS Code: 1902), aligning with commitments to balance trade with the US, with indirect effects on territories like the Cocos (Keeling) Islands.
August 5, 2023
Impact: Likely negligible effect on Cocos (Keeling) Islands due to limited pasta trade, but could influence future EU trade policies in the region.
