EU: Argentina secures EU trade concessions
The European Commission has agreed to widen European Union (EU) low duty quotas for Argentine exporters of wine, Vermouth and fruit juices under a new EU-Argentina trade deal.
Framed to take account of previously existing trade agreements involving the 10 eastern and southern countries that joined the EU in 2004, the additional annual import quotas include:
- 40,000 hl of wine at Euro 10/hl duties and 20,000 hl of wine at Euro 8/hl;
- 13,810 hl of Vermouth at Euro 7/hl;
- 7,044 tonnes of fruit juices at a 20% tariff.
The additional quotas would come into force once the EU Council of Ministers approves them, possibly later this month.
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