GEORGIA/MOLDOVA: Wine co's target European export growth
Wine producers from Georgia and Moldova will be hoping for a marked rise in exports to the European Union moving forward, following the signing of trade deals last week.
The two Eastern European countries signed agreements with the EU on Friday (29 November). The deals include commitments to reduce and remove tariffs on all products traded between the signatories.
As regards wine, Georgian and Moldovan exporters pay a range of duties when selling into the EU depending on the type of product, for instance of EUR13.10, EUR15.40 and EUR32 per hectolitre of wine.
Last year, Georgia exported US$9.2m (US$12.5m) of wine to the EU. Moldova exported US$21m in 2012.
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