Wine organizations in the EU and US have signed a statement of principle on trade and tariffs: highlighting the importance of the transatlantic wine trade and calling for the immediate elimination of all tariffs on wine.
Beverage alcohol associations from both the US and EU are calling for an immediate end to tariffs on spirits and wine: “We are united in our opposition to tariffs and clear in our view that there are no winners in a trade war."
Health campaigners in the UK fear that the end of the EU’s sugar quota regime will trigger a nosedive in prices and shelter manufacturers from next year’s sugar tax. But analysts say their concerns are “somewhat exaggerated”.
Global ingredient producer ADM is pushing harder into the European starch and sweetener market, announcing the acquisition of major production facilities in Turkey and Bulgaria on Monday in the wake of changing EU sugar laws.
The liberalisation of the EU sugar market next year must be accompanied by market measures to maintain sugar beet production and allow the sector to retain its strategic importance, according to a recent EU report.
Taxes imposed on sugary, salty or fatty foods do lead to reductions in consumption, says the European Commission in a new report. But higher taxes could also encourage consumers to simply go for cheaper products, it warns.