`Greek Olive Oil Gets New Exemption From US Tariffs - Olive Oil Times

Greek Olive Oil Gets New Exemption From US Tariffs

By Costas Vasilopoulos
Feb. 19, 2020 12:31 UTC

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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