` Greek Olive Oil Gets New Exemption From US Tariffs


Greek Olive Oil Gets New Exemption From US Tariffs

Feb. 19, 2020
By Costas Vasilopoulos

Recent News

The United States Trade Rep­re­sen­ta­tive extended the exemp­tion sta­tus of Greek olive oil from tar­iffs imposed on imported E.U. agri­cul­tural prod­ucts after it was first excluded from the sanc­tions regime in Octo­ber 2019.

The revised list of E.U. prod­ucts under sanc­tions also excludes other Greek prod­ucts from import taxes, like cheese, wine, plum juice, and more olive-related prod­ucts.

This is an impor­tant devel­op­ment, where the Prime Min­is­ter was per­son­ally involved,” Makis Vorides, the min­is­ter of agri­cul­ture, said.

Sources at the Greek Min­istry of For­eign Affairs said in turn that the exemp­tion was the result of coor­di­nated efforts by sev­eral min­is­ters and came after bilat­eral nego­ti­a­tions between the Greek Gov­ern­ment and the U.S. Admin­is­tra­tion.

The Greek agri-food sec­tor has been dis­pro­por­tion­ately hit by the trade war between the United States and the Euro­pean Union, the spokesper­son said, and Greece is look­ing to cre­ate a pos­i­tive trad­ing frame­work with the U.S. to mit­i­gate the con­se­quences on the sec­tor.


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