SpiritsEurope releases trade roadmap to bolster EU spirits sector

Published 2024년 12월 9일

Tridge summary

The Belgian trade organization, SpiritsEurope, has introduced 'Objective 2030', a strategy to overcome challenges within the European spirits industry, which witnessed a 7% drop in exports last year. This initiative aims to maintain global competitiveness and sustain growth, countering challenges such as economic pressures, trade barriers, and international tensions. The plan focuses on advocating for an open EU trade policy, including efforts to shield the sector from unrelated trade disputes, enhance regulatory cooperation with non-EU markets, and diversify trade agreements to expand market access. By doing so, SpiritsEurope aims to ensure the competitive edge of European spirits on the global stage, contributing to the EU's agri-food success and supporting rural economies.

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Original content

The trade organisation has released ‘Objective 2030’, a plan aiming at tackling challenges faced in the EU spirits industry. Belgian trade organisation SpiritsEurope has announced “Objective 2030,” a roadmap for an open EU trade policy aimed at addressing challenges and sustaining growth for the European spirits sector following a 7% drop in EU spirits exports last year. Following a controversial autumn budget, described as a “kick in the teeth” for sectors such as wine and spirits, the plan focuses on maintaining the industry’s global competitiveness amid shifting economic and geopolitical landscapes. The European spirits industry, known for its high-value, export-driven production, supports jobs in rural communities while relying heavily on trade. However, economic pressures, including slowed global growth, rising trade barriers, and international tensions, are posing risks to the sector’s future. Ian McLernon, president of SpiritsEurope, emphasised the importance of addressing ...

Source: Thedrinkbusiness