European wineries support the EU-Mercosur agreement and underline its importance for opening new markets

Published 2024년 12월 6일

Tridge summary

The European Committee of Wine Companies (CEEV), which includes the Spanish Wine Federation, has expressed strong support for the EU-Mercosur countries agreement, which is expected to boost the long-term economic sustainability of the European wine sector by reducing tariffs and simplifying trade regulations. The agreement is anticipated to significantly increase European wine exports, particularly to Brazil, where there is rapid growth potential. In the first quarter of 2024, wine exports from European wineries to Brazil reached 2.2 million liters worth 5.3 million euros, marking over 20% growth in value both in 2023 and in the first quarter of this year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The European Committee of Wine Companies (CEEV), which includes the Spanish Wine Federation, has reiterated its strong support for the agreement between the EU and the Mercosur countries, stressing the fundamental role that this agreement will play in ensuring the long-term economic sustainability of the European wine sector. “After 25 years of negotiations, the time has come to quickly finalise and ratify this agreement. The initial provisions on wine market access and the protection of geographical indications were already promising, but the latest revisions addressing environmental issues bring additional benefits to both parties. In these difficult times, the agreement represents a vital opportunity for European wine companies to access new markets and attract more wine consumers,” said Mauricio González-Gordon, President of the CEEV. The agreement, which reduces tariffs and simplifies trade regulations between the European Union and the Mercosur countries (Argentina, Brazil, ...

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