The European and American wine industries call for the abolition of tariffs

Tuesday January 21 2020 by Vitisphere

The European and American wine industries are calling for the abolition of tariffs on both sides of the Atlantic.The European and American wine industries are calling for the abolition of tariffs on both sides of the Atlantic. - Photo credit : CC0 Creative Commons

By introducing punitive tariffs, the United States has revealed one thing: the unanimous attachment of the European and American wine industries to free trade. On January 14, the European Wine Business Committee CEEV and the Wine Institute said that they had signed a statement of principle on their demands in terms of trade and taxes. In it, they call for the total elimination of tariffs on both sides of the Atlantic, establishing the principle of “zero for zero”. Stressing that the American and European wine market combined generated revenue of 4.66 billion euros in 2018, the two organisations are referring to the GATT agreements, which apply zero taxes on certain products.

Preserving the long-standing EU-US wine partnership

The two organisations also set out a second principle in their declaration, that of “wine for wine”, where they urge that wine should not be targeted in unrelated trade disputes. “A free wine trade environment is essential to preserve the longstanding efforts and investments of our wine companies,” said the two organisations, stressing the history of collaboration between the two regions.

The statement has been submitted to other representative American trade organisations, including wine importers. The organisations could sign the statement over the coming days. The Secretary General of CEEV also pointed out that the statement’s two principles (Ed: “zero for zero” and “wine for wine”) could also be suitable for other parts of the world. He acknowledged that “it is a fairly general statement of principle that can be extended”.

 

 

 

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