INTERNATIONAL REGULATORY ROUND UP – EU-MERCOSUR TRADE DEAL SHOULD PROMOTE FOOD, DRINK SALES
August 1st, 2019
THE TRADE in food and drink between the European Union (EU) and the Mercosur bloc of Brazil, Argentina, Uruguay and Paraguay is likely to intensify under a new trade deal between the two regional groupings. The agreement, which now needs ratification, will phase out Mercosur duties on 93% of EU exported food and drink product types, including those on wine (27%); spirits (20% to 35%); soft drinks (20-35%); chocolate (20%); biscuits (16 to 18%); canned peaches (55%). The EU will remove duties on 82% of Mercosur food and drink tariff lines. These duties should be ...
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