FOR IMMEDIATE RELEASE
April 29, 2021 -- The Flavor and Extract Manufacturing Association (FEMA) joined a transatlantic industry coalition to urge the United States and the European Union to permanently remove all retaliatory tariffs levied in response to World Trade Organization (WTO) disputes concerning large civil aircraft subsidies.
In a joint letter sent April 29, 2021, to U.S. President Joe Biden and European Commission President Ursula von der Leyen, 88 American and European food and agriculture organizations requested that the tariffs be permanently removed to lessen the economic harm the tariffs are causing to industries unrelated to the sectors subject to the disputes.
“Since 2018, our industries, suppliers and supply chains have been negatively impacted by the imposition or threat of tariffs in several ongoing disputes not least of which are the large aircraft subsidies and steel and aluminum disputes,” the group stated. “Our sectors should no longer incur collateral damage in these unrelated disputes.”
While the tariffs were mutually suspended for four months in March 2021, the group believes that a permanent removal of all additional tariffs after July 2021 will “reset the vital transatlantic trade relationship” and “create the necessary certainty and stability needed to grow the transatlantic economy as it recovers from the COVID-19 pandemic.”
The Flavor and Extract Manufacturers Association of the United States (FEMA) is composed of flavor manufacturers, flavor users, flavor ingredient suppliers, and others with an interest in the U.S. flavor industry. Founded in 1909, it is the national association of the U.S. flavor industry. FEMA is committed to assuring a substantial supply of safe flavoring substances. More information about FEMA is available at www.femaflavor.org.