UK: South African wine set to lose protection from EU tariffs
UK: South African wine set to lose protection from EU tariffs
Dec 20, 2010 6
South African wine prices in the UK may go up next year when a trade agreement lapses with the European Union.
The current treaty, which allows South Africa to avoid tariffs on up to 80% of its exports, has not been renewed despite negotiations between diplomats.
According to reports in South Africa today, trade and industry minister Rob Davies admits the December 31 deadline to renew the agreement will be missed.
This means South African wine entering the EU could soon attract tariffs ranging from 8.5% to 24%.
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