On 5 March, the European Commission announced the EU had agreed with the US a four-month suspension of tariffs related to the ongoing large civilian aircraft dispute.
Commenting on the suspension, Ulrich Adam, Director General of spiritsEUROPE said:
“This is a hugely positive development and a crucial step towards a final and permanent resolution of this long-standing dispute.
We would like to congratulate the EU and the US for reaching this milestone agreement, which also extends to many unrelated sectors including various European spirits.
The step is a huge alleviation for all producers of those European spirits that were negatively affected by tariffs in the past sixteen months and whose exports have fallen drastically as a result, hurting jobs and growth amidst a very difficult market situation marked by the COVID crisis.
We hope that both the EU and the US will now be able to find a final and permanent resolution to the Airbus-Boeing dispute as well as also resolve the steel and aluminium dispute which still hurts US whiskey exports to the EU.”
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