European wineries support the EU-Mercosur agreement

Published Dec 9, 2024

Tridge summary

The European Committee of Wine Companies (CEEV) and the Spanish Wine Federation (FEV) have endorsed the EU-Mercosur countries agreement, advocating for its swift ratification. This accord is anticipated to bolster the European wine sector's long-term economic sustainability by reducing tariffs and streamlining trade procedures with Argentina, Brazil, Paraguay, Uruguay, and Bolivia. The agreement is particularly significant for the Brazilian market, which currently imposes tariffs as high as 27% on imported wines. The deal is also expected to diversify export markets, benefiting over 300 million consumers in the Mercosur region. Furthermore, the agreement's focus on sustainability and responsible practices aligns with the commitments of the European wine sector, underscoring the importance of cultural and historical ties.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The European Committee of Wine Companies (CEEV), together with the Spanish Wine Federation (FEV), has expressed its strong support for the agreement between the European Union and the Mercosur countries, highlighting its relevance for the long-term economic sustainability of the European wine sector. After 25 years of negotiations, the CEEV has urged the immediate ratification of the agreement, pointing out the key benefits it will bring. This treaty will reduce tariffs and simplify trade regulations with the Mercosur countries (Argentina, Brazil, Paraguay, Uruguay and Bolivia), facilitating access to new markets and attracting a greater number of consumers. The Brazilian market, with current tariffs of up to 27% on imported wines and complex import procedures, represents a prominent case. According to the Spanish Wine Market Observatory, in the first quarter of 2024, Spanish wine exports to Brazil reached 2.2 million liters, with a value of €5.3 million and a growth of more than ...

Source: Agrodigital