USA DRINKS MARKET FOR EU EXPORTS UNDER THREAT
July 1st, 2009
BY KEITH NUTHALL
EUROPEAN Union (EU) drinks exports to the USA are under pressure according to economic analysis from the European Commission - maybe a medium-term problem. Its latest MAP (Monitoring Agri-trade Policy) report warns "for the past two years the US appears to be a declining market for the EU" for drink and food, with alcoholic beverages accounting for seven of the top 10 products, (wine the biggest export, valued at Euro 1.7 billion in 2006-08). Drinks and food exports fell Euro 500,000 (4%) in 2007, with a steeper year-on-year decline ...
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