How Italian spirits can benefit from the suspension of US duties

Mar 18, 2021 294

The four-months suspension on import duties applied in 2019 by the United States on many European F&B products, including Italian aperitifs and liqueurs, makes producers breathe a sigh of relief. This is the case of Micaela Pallini, newly elected president of the Spirits sector of Italian wine producers’ association Federvini. “Finally, good news – she says – and we really hope that this temporary truce can turn into an agreement that overcomes the Airbus-Boeing dispute.”

During the period of application of duties on Italian liquors, aperitifs and spirits, exports to the USA – which in recent years have been characterized by a growing success – collapsed by 40%, for a loss of about 65 million euros. Without forgetting that the Covid-fueled pandemic has dealt a deadly blow to domestic consumption.

Read more

SOURCE: https://news.italianfood.net/

You may be interested