Canada: Rejection of Ceta by the Senate is surreal according to wine and spirits exporters

Published 2024년 3월 21일

Tridge summary

The Federation of Wine and Spirits Exporters (FEVS) has criticized the rejection of the Ceta free trade treaty between the EU and Canada by senators, stating it will negatively affect the wine and spirits sector. This comes after foreign sales of French wines and spirits saw a 6% decline in 2023, particularly to Canada. Despite the French agricultural and agri-food sectors seeing a threefold increase in their trade surplus from 2017 to 2023, the FEVS maintains that the treaty's rejection is not based on the agreement's substance.

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Original content

Thursday's rejection by senators of the Ceta free trade treaty between the EU and Canada is "totally surreal" and "will deal a bad blow to the entire wine and spirits sector", declared the delegate general of the Federation of Wine and Spirits Exporters (FEVS). Foreign sales of wines, champagnes, cognacs and other French spirits fell by 6% in 2023 after several years of growth, particularly to Canada. “The agri-food surplus has increased” “In (this) economically complicated moment, putting ourselves in a delicate position after good momentum (since the implementation of the treaty) seems totally surreal to us,” Nicolas Ozanam explained to AFP. “No matter how hard we look at the figures, we have not seen any negative effect on the agricultural sectors, the agri-food surplus has increased,” he said. According to the Ministry of Foreign Affairs, the trade surplus of the ...

Source: Bfmtv