import/export

Business

MPs in Austria Reject EU-Mercosur Free Trade Deal

Citing environmental concerns, no major political parties in the Austrian parliament supported passing the deal. Many want the government to veto it all together, while one wants to renegotiate.

Spanish Olive Oil Exports to U.S. Surge Ahead of WTO Decision

The WTO has reportedly decided whether it will approve tariffs on European goods headed to the U.S. and is set to make an announcement soon. Until then, importers are accelerating purchasing schedules in order stock up on Spanish oils.

Spanish Black Olive Exports to U.S. Halved Since Tariffs Imposed

Since tariffs were imposed in August 2018, Spanish olive producers and exporters have lost more than $50 million.

U.S. Lawmakers Warn Against Trump Tariffs on E.U. Olive Oil

A bipartisan group of U.S. lawmakers has come together to warn that tariffs on European Union olive oil imports will lead to higher prices and could cause olive oil shortages.
Special Report

Amazon Wildfires Threaten the EU – Mercosur Trade Deal

Fearing environmental destruction in the Amazonia due to the thousands of fires, European countries are asking for guarantees from Brazil that the fires will be dealt with before concluding the pact.

Producers and Exporters Eagerly Await Ratification of EU-Mercosur Deal

The trade deal will eliminate tariffs on both Mercosur and E.U. exports and creates the world's largest bloc of olive oil consumers and producers.
Olive Oil Times Special

Olive Oil Prices Set to Rise in Israel as Import Quotas Run Out

Ahead of the Jewish holiday season, olive oil prices are likely to increase. Custom duty waivers on imported oil are expected to run out by the start of October.

Greece Asks for Exemption From U.S. Tariffs on E.U. Products

The Greek minister of Agriculture cited the close relations between the two countries in a request to not be drawn into a trade war.