15 January 1999
Latvia drops pork quota plan
LATVIA has shied away from plans to impose quotas on pork imports.
The Latvian Government said it was dropping the plans because of the likelihood of retaliation by the neighbouring countries of Estonia and Lithuania, both which are party to a free-trade agreement.
Latvia had initially proposed import quotas on the meat, with a tariff of 42% levied on additional imports.
It now plans to grant a one-off subsidy to local pork producers.
- Financial Times 15/01/99 page 5 (News Digest)