WINE SECTOR: FOUR MONTH US-EU TARIFFS SUSPENSION AND AGREEMENT ON PLANTING RIGHTS
In the wine sector, the month of March 2021 was marked by the decision to suspend tariffs in the Boeing-Airbus dispute for four months. After the long-standing dispute, the US will no longer collect 25% tariffs on French, German and Spanish wines, while the EU will no longer collect 25% tariffs on US products, including whiskey.
At European level, the vine planting rights under the CMO were agreed upon at the “super trilogue” on March 26th, as well as regulations on forbidden varieties, dealcoholised and partially dealcoholized wines and on wine labeling.
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