Equivalence (trade)
Equivalence is a term applied by the Uruguay Round Agreement on the Application of Sanitary and Phytosanitary Measures. World Trade Organization (WTO) Member countries shall accord acceptance to the Sanitary and Phytosanitary (SPS) measures of other countries (even if those measures differ from their own or from those used by other Member countries trading in the same product) if the exporting country demonstrates to the importing country that its measures achieve the importer’s appropriate level of sanitary and phytosanitary protection.
History
In June 2021 a trade dispute threatened to erupt between the UK and the
References
- ^ Yorke, Harry; Crisp, James (10 June 2021). "Joe Biden fears Britain is 'inflaming' tension in Ireland and EU". Telegraph Media Group Limited.
- ^ Maguire, Patrick; Wright, Oliver (10 June 2021). "G7 summit 2021: Joe Biden accuses Boris Johnson of 'inflaming' Irish tensions". Times Newspapers Limited.
- ^ Neilan, Catherine (10 June 2021). "Politics latest news: Tensions worsen over sausage wars as Joe Biden's rebuke hardens divisions". Telegraph Media Group Limited.
This article incorporates public domain material from Jasper Womach. Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (PDF). Congressional Research Service.