At the launch of the publication of its Annual Trade Review, spiritsEUROPE joined with the Brazilian Spirits Trade Association and the Brazilian Institute of Cachaça, calling for a swift conclusion to the EU – Mercosur free trade agreement by the end of 2023. Although 2022 was “an exceptional year for EU spirits exports,” the threat of high inflation and rising production costs mean that the EU’s “conclusion of new FTAs” is a “must.”
A stable and predictable relationship with major trading partners needs to go hand in hand with a strong focus on emerging markets, supported by new EU Free Trade Agreements (FTAs), closer regulatory cooperation and trade diplomacy, robust enforcement and an active promotion policy.
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