EU-US Trade Deal: Wine and Spirits Sector Still On Hold
The EU-US trade deal excludes the wine and spirits sector for now, according to EU Trade Commissioner Maros Sefcovic. While the current agreement does not lower tariffs for these sectors, there remains potential for future negotiations to include them, indicating ongoing discussions within the European Union.
- Country:
- Belgium
The European Union and the United States have struck a trade deal, but notable exclusions, such as the wine and spirits sector, have been confirmed. EU Trade Commissioner Maros Sefcovic emphasized that these sectors have not been included yet. However, he reassured that discussions are ongoing, with the EU keen to lower tariffs in the future.
Sefcovic expressed that there was a clear commitment from the European Commission to eventually revisit the inclusion of wine and spirits in the trade agreement. Such assurances hint at potential amendments or future negotiations to address these exclusions.
While the absence in the current trade arrangement leaves some sectors unsettled, the possibility of reduced tariffs in future talks holds promise for stakeholders eager for changes.
(With inputs from agencies.)
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