The World Trade Organization (WTO) on Oct. 2 backed a U.S. request to impose $7.5 billion in tariffs on European goods in response to charges that illegal subsidies were granted to planemaker Airbus by the European governments of Germany, Frances, Spain, and the U.K.
An initial list of products that would potentially be subject to tariffs was published by the U.S. Trade Representative (USTR) in April, and a supplemental list released in July included some fertilizer products, including anhydrous ammonia, urea, UAN, ammonium sulfate, and ammonium nitrate.
The ruling is the largest arbitration award in WTO history, and represents a significant development in the 15-year long Airbus-Boeing battle. In response to the ruling, the EU threatened to retaliate to any U.S.-imposed tariffs. “If the U.S. decides to impose WTO authorized countermeasures, it will be pushing the EU into a situation where we will have no other option than do the same,” Brussels said in a statement.
Ostara Nutrient Recovery Technologies Inc., Vancouver, B.C., announced on Oct. 2 that it has entered into a long-term granulation tolling agreement to ramp up production of its Crystal Green sustainable phosphorus-based fertilizer products at a facility in the southeastern U.S. While the specific location of the facility was not revealed, Ostara confirmed that it is in Florida and has significant storage capacity and rail and truck access.
First production at the commercial tolling facility is expected to commence on or about Oct. 15, and will scale up with the completion of necessary equipment upgrades and the receipt of pending regulatory approvals. Ostara said the agreement, which effectively triples its existing production volumes, is in response to existing orders and increased global demand for Crystal Green, which is sold into the agriculture and turf markets through a network of distributors in North America and Europe.
Disclaimer of Warranty
All information has been obtained by Green Markets from sources believed to be reliable. However, because of the possibility of human or mechanical error by our sources, Green Markets or others, Green Markets does not guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.
For additional details visit our
Terms of Use.
