`U.K. Drops Tariffs on Tunisian Olive Oil Imports After Signing Trade Deal - Olive Oil Times

U.K. Drops Tariffs on Tunisian Olive Oil Imports After Signing Trade Deal

Jul. 13, 2021
Ephantus Mukundi

Recent News

Tunisian exporters can now sell some of their olive oil in the United Kingdom duty-free after an agree­ment between the two coun­tries came into force ear­lier this year.

The agree­ment between Tunisia and the U.K. was signed in October 2019 as the U.K. began look­ing for new trade part­ners ahead of its sep­a­ra­tion from the European Union, a process com­monly known as Brexit.

See Also: Steep Fall in Spanish Olive Oil Exports to U.K. Since Brexit

The trade agree­ment between the U.K. and Tunisia allows for 7,723 tons of Tunisian vir­gin olive oil to be imported with­out tar­iffs each year.

According to the International Trade Center data, Tunisia exported 6,239 tons of olive oil to the U.K. in 2019, the last year for which data are avail­able.

Separate data from the Observatory of Economic Complexity show that between 2009 and 2019, the value of olive oil exports from Tunisia to the U.K. has sky­rock­eted, ris­ing from $62,400 (€45,500) to $4.46 mil­lion (€3.76 mil­lion).

Overall, the U.K. is the twelfth largest des­ti­na­tion for Tunisian olive oil by value glob­ally and the sixth-largest in Europe.

The new free trade agree­ment will be wel­come news to pro­duc­ers, exporters and gov­ern­ment offi­cials, all of whom have been work­ing together to increase the value of Tunisian olive oil exports abroad and raise the country’s inter­na­tional pro­file.

Between November 2020 and April 2021, Tunisia exported 124,700 tons of olive oil val­ued at 991 mil­lion dinars (€303 mil­lion), includ­ing 111,700 tons of olive oil in bulk and 24,000 tons of pack­aged olive oil.

Furthermore, the agree­ment comes as Tunisia con­tin­ues to lobby the E.U. to increase its own duty-free quota on imports from the North African coun­try from 56,700 tons to 100,000 tons.

As the U.K. was pre­vi­ously included in the E.U. quota, the com­ple­tion of Brexit also allows some of the duty-free oils that may have pre­vi­ously headed to the U.K. to go else­where in the 27 mem­ber trad­ing bloc, pri­mar­ily Spain and Itay.





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