Tariff package with the US officially published
Official publication has been made of Regulation 2020/2131, on the elimination of customs duties on certain goods, by which the tariff package agreed with the United States officially enters into force, with retroactive effects from 1 August 2020 and until 31 July 2025.
This limited tariff package is the first reduction of tariffs in two decades between the US and the EU. It covers a small number of products worth 168 million euros in EU and US exports. While the EU will eliminate a number of customs tariffs on lobster, the US will provide duty relief in products such as prepared meals, certain crystal glassware, surface preparations, propellant powders, cigarette lighters and lighter parts. As a net importer, lobster is not a sen