Description: In May 2003, the United States, Canada, and Argentina initiated a formal challenge before the World Trade Organization (WTO) of the European Union’s (EU’s) de facto moratorium on approving new agricultural biotechnology products, in place since 1998. Although the EU effectively lifted the moratorium in May 2004 by approving a genetically engineered (GE) corn variety, the three countries are pursuing the case, in part because a number of EU member states continue to block approved biotech products. Because of delays, the WTO is expected to decide the case by December 2005. The moratorium reportedly cost U.S. corn growers some $300 million in exports to the EU annually. The EU moratorium, U.S. officials contend, threatened other agricultural exports not only to the EU, but also to other parts of the world where the EU approach to regulating agricultural biotechnology is taking hold.

Description: The European Union (EU), comprised of 15 member states (countries), is one of the United States’ chief agricultural trading partners and also a major competitor in world markets. Both heavily support their agricultural sectors, with a large share of such support concentrated on wheat, feed grains, cotton, oilseeds, sugar, dairy, and tobacco. However, the EU provides more extensive support to a broader range of farm and food products. According to the Organization for Economic Cooperation and Development (OECD), the EU and United States in 2001 together accounted for nearly two-thirds of all government support to agriculture among the major developed economies. However, EU agricultural spending generally is much higher than in the United States. Information comparing how the U.S. and EU governments support their producers is expected to be of interest to policymakers while negotiations are underway among world trading partners to further reform agricultural trade.

Description: This report looks at how the European Union Emission Trading Scheme's coverage of carbon emission from commercial flights affects air carriers from the United States and other countries.

Description: This report discusses a new law, Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), that the European Union (EU) began to implement On June 1, 2007.

Description: This report discusses the free trade agreement (FTA) between South Korea and the European Union (EU). It looks at various aspects of the South Korea-EU FTA (KOREU FTA) including economic ties, trade strategies, and an overview of the key provisions of the agreement focusing on manufactured goods, agriculture, services, and various other provisions of particular interest to U.S. policymakers and the U.S. business community. The report also gives an analysis of the potential economic imact of the KOREU FTA and potential implications of the agreement for the United States.