How Italian spirits can benefit from the suspension of US duties

Federvini, Italy's wine and spirits producers association, outlines a roadmap to overcome the economic crisis triggered by the pandemic
How Italian spirits can benefit from the suspension of US duties

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.”

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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.

the current exports value of Italian spirits is 970 million euro

According to Federvini, the current market difficulties and the situation of stocks would recommend the establishment of measures financed by Europe, including compensations for producers.

the weight of the wines and spirits sector on the total Italian export is 42%

Spain has already announced a request for an extraordinary financial intervention from the EU budget. It will soon be discussed during the Agriculture Council in Brussels.

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