The Comit\u00e9 Europ\u00e9en des Entreprises Vins (CEEV) has learned with concern that wine and aromatized wines may be left out of the EU trade offer currently being negotiated in the context of a broader agreement with the U.S. administration.<\/p>\n
\u201cWe are deeply concerned about the potential exclusion of wine from the list of sensitive goods\u00a0<\/em>included in the deal package<\/em>.\u201d said Marzia Varvaglione, President of CEEV. \u201cThe European wine sector is already navigating an extremely difficult period and the definitive establishment of an ad valorem tariff would only amplify this crisis and hurt thousands of wineries and grape growers across the EU. We therefore call on the European Commission to ensure that wine\u00a0<\/em>and aromatized wine products\u00a0<\/em>remain an integral part of the negotiation package with the U.S. administration.\u201d<\/em><\/p>\n The United States of America remains the largest export destination for EU wines, representing 27% of EU wine exports in value and 21% in volume. The US wine market is fundamental for the economic sustainability of the EU wine sector and the rural communities it sustains.<\/p>\n The damage to EU wine oversees sales of the 10% US import duty in place since April is estimated to be around 12%. If the US duty was set in the range of [17-20]%, and considering the current currency rate \u2013 USD lost 15% compared to EUR \u2013 \u00a0the estimate damage would reach 30%.<\/p>\n The assessment of EU-U.S. wine trade relations must go beyond export statistics. The assessment of the US economic surplus that the US holds in the sale of EU wine shall also be part of the equation.<\/p>\n \u201cEuropean wine exports do not harm the U.S. economy\u2014on the contrary, they support it<\/em>,\u201d said Ignacio S\u00e1nchez Recarte, Secretary General of CEEV. \u201cBecause of the three-tier system for alcohol distribution in the US \u2013 separation of producer, distributor and retailer, it is estimated that for every $1.00 generated by European wine exports to the U.S., American distribution and hospitality sectors earn $4.50. The \u20ac 4,88 billion EU wine exported to the US in 2024 would have generated roughly $22 billion revenue for US companies across the tree-tier.\u201d<\/em>\u00a0he added.<\/p>\n Wine is a win-win relationship that must be protected, not undermined. Wine should not be viewed as a weak point in the negotiations, but rather as a strategic and mutually beneficial asset.<\/p>\n The EU and U.S. wine sectors have consistently opposed the imposition of tariffs on wine trade. On both sides of the Atlantic, we strongly support free and fair trade and open markets for wine between the EU and the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":" The Comité Européen des Entreprises Vins (CEEV) has learned with concern that wine and aromatized wines may be left out of the EU trade offer currently being negotiated in the context of a broader agreement with the U.S. administration. “We are deeply concerned about the potential exclusion of wine from the list of sensitive goods included…<\/p>\n