EU WINE AND SPIRITS EXPORTERS OFFERED NEW ACCESS TO SOUTH AMERICA UNDER MERCOSUR TRADE DEAL
June 1st, 2019
A EUROPEAN Union (EU) trade deal struck with South America’s Mercosur group of Brazil, Argentina, Uruguay and Paraguay, will open this emerging market to EU drinks exporters. The agreement, which now needs to be ratified by both sides, will phase out Mercosur duties on wine of 27%; whiskey and other spirits (taxed at 20% to 35%); and soft drinks (taxed at 20% to 35%). The exact timetable has yet to be released – but judging by deadlines unveiled by the European Commission this far, the duties should be removed within 12 years. Trades of wine in bulk will not ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.