` Spanish Olive Oil Giant Plans to Evade Tariffs With New U.S. Production Center - Olive Oil Times

Spanish Olive Oil Giant Plans to Evade Tariffs With New U.S. Production Center

Oct. 28, 2019
Daniel Dawson

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A major Spanish olive oil-pro­duc­ing and export­ing com­pany plans to open a new pro­duc­tion cen­ter in the United States, with the aim of evad­ing newly-imposed tar­iffs on some olive oil imports from Spain, Vox Populi reports.

This would allow us to take the prod­uct from any­where in the world to the U.S. and pro­duce our oil while dodg­ing tar­iffs.- Gonzalo Guillén, Acesur

Acesur, which bot­tles the olive oil brands of Coosur and La Española, is in the process of mak­ing plans to open a pack­ag­ing cen­ter to which it could export olive oil in bulk.

Olive oil exported to the United States in quan­ti­ties larger than 18 kilo­grams (39 lbs) was excluded from the 25 per­cent tar­iff imposed by the U.S. on October 18. The bulk olive oil would be pack­aged at the new plant and dis­trib­uted in the U.S.

It is a mea­sure that all oil com­pa­nies are eval­u­at­ing,” Gonzalo Guillén, the exec­u­tive direc­tor of Acesur, said. This would allow us to take the prod­uct from any­where in the world to the U.S. and pro­duce our oil while dodg­ing tariffs.”

The com­pany has yet to announce where the plant would be and how many peo­ple it would employ.

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