EU MINISTERS ORDER RUM DUTY REDUCTION FOR FRENCH CARIBBEAN PRODUCERS
October 1st, 2007
BY KEITH NUTHALL
RUM producers from French overseas departments (counties) have been given a 50% tax break on excise duty charged on sales within mainland France, stretching until December 2012. The European Union (EU) Council of Ministers has approved the derogation from standard EU excise rules, after French government claims that these rum manufacturers are vulnerable commercially. Most are based on the Caribbean islands of Martinique and Guadeloupe and the Indian Ocean island of Réunion. Together, the sector produces annually rum worth Euro 250 million. The ...
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