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Wine Institute Urges End to Wine Tariffs
Calls on U.S. and European Union to Resolve Dispute and End Economic Harm to Sector
According to the wine industry advisor
Wine Institute submitted formal comments to the U.S. Trade Representative (USTR) today urging an end to all retaliatory tariffs on wine. The comments were submitted as a part of USTR’s review of enforcement actions taken in response to a World Trade Organization (WTO) dispute over civil aircraft subsidies. USTR placed a 25% tariff on bottled wine imports from France, Spain, Germany and the United Kingdom in October and is currently considering increasing these tariffs further. The European Union (EU) has stated that it intends to retaliate against U.S. wine when authorized to do so by the WTO.
“We fully support USTR’s efforts to enforce trade rules and ensure a level playing field for all industries,” said Bobby Koch, President and CEO of Wine Institute. “But this dispute has absolutely nothing to do with wine and these tariffs are hurting the wine sector, including distributors, retailers and other industry partners, when we are all struggling to cope with the coronavirus pandemic.”
Read more at source: wine industry advisor