EUROPE/UKRAINE: European drinks companies poised to benefit from Ukrainian duty removal
The duty on alcohol imports from Europe to Ukraine are set to be scrapped
The European Commission has released details of proposals to remove tariffs on goods traded between the European Union and Ukraine.
The announcement came late last week as the Ukrainian Government signed a political agreement cementing closer links with the EU. Existing tariffs would be scrapped, upon agreement being secured from both the European Parliament and the EU Council of Ministers.
The move would open up Ukraine to European companies keen to expand into the country.
Duties that would be dropped include those on EU wine exports, which are currently EUR1.50 per litre for sparkling wines and between EUR0.30 per litre and EUR0.40 per litre for most appellation still wines. EU spirits exports have also been hit hard in the past: Scotch whisky, gin, brandy and Cognac exports are hit by a tariff of EUR3.50 per litre.
Ukraine's duties on fruit juices currently range between 2% and 10% and are 10% on mineral water.
These duties would be dropped after Ukraine’s planned May presidential elections. Some EU duties on Ukraine drinks exports could be scrapped before that date.
The Future of the Spirits Market in Ukraine to 2017
The report presents detailed data on the Spirits consumption trends in Ukraine, historic and forecast consumption volume and value at market and category level, brand share, alcoholic strength, price ...read more
- Treasury Wine Estates: Here I Go Again On My Own
- No Home Comfort for TWE as Bids Collapse
- Bacardi Seeks Own History at Bombay Sapphire Home
- Will low-alcohol wines wither on the vine?
- Coca-Cola Life US launch fails to ignite
- Diageo's Johnnie Walker hit by Travel Retail slump
- Carlsberg suspends production at Russian brewery
- Anheuser-Busch InBev shuts fourth Russian brewery
- Treasury Wine Estates pulls plug on takeover talks
- Mallya stays chairman at Diageo's United Spirits