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US: Congress approves Central American trade deal

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The United States' Distilled Spirits Council has congratulated the US Congress for approving the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) for opening central American markets to USA spirit exports.

 

Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua) and the Dominican Republic will immediately abolish tariffs on US-produced whiskey and gin.

 

Honduras will immediately eliminate its 15% tariff on liqueurs, and the Dominicans will scrap duties on American whiskies, specifically Bourbon and Tennessee Whiskey.

 

Other spirits tariffs will disappear over 15 years.

Sectors: Spirits

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