ROMANIA DEAL
October 1st, 2004
BY KEITH NUTHALLEUROPEAN Union (EU) drinks producers will gain duty free penetration of the Romanian market by 2007, even if the country's planned EU accession on that year falls through. Under a free trade deal designed to ease its membership, Romanian duties of 60% on brandy, rum, gin, vodka, liqueurs and vermouth imported from the EU would disappear on January 1 of that year, as would 35% duties on EU whiskies. Also, duties on beer would be phased out from their current punishing level of 45% to zero on that date. Access to Romania's standard wine market is ...
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