Aug. 25, 2020
In return for removing $111 million tariffs on lobster imports, the United States will eliminate $160 million in tariffs on a range of goods. Observers see this as the first step in de-escalating trade tensions that led to the imposition of a 25 percent tariff on some Spanish olive oils.
Jun. 30, 2020
The U.S. Trade Representative is considering whether to increase existing tariffs on imports from the European Union as well as implement new ones.
Jun. 19, 2020
Greek trade representatives question the motives behind a "standard of identity" proposed by Spain's Deoleo and an American importers group.
Jun. 12, 2020
The United States has been found to be illegally subsidizing Boeing and the World Trade Organization is set to announce what punitive measures the European Union can take. New tariffs may be on the horizon.
Jun. 5, 2020
The United States Department of Agriculture predicts that global olive oil production will fall by nearly three percent, to 3.03 million tons, in the 2020/21 crop year.
Apr. 29, 2020
While Tunisia's exports of olive oil slowed during the coronavirus crisis, the country had seen relative success in continuing activity and reaching foreign markets.
Apr. 28, 2020
The move comes as a blow to olive oil producers who may lose out while the rest of the bloc negotiates free trade deals with South Korea and Canada. Argentina will continue working with the Mercosur to implement a previously agreed deal with the European Union.
Apr. 24, 2020
Domestic consumption has dried up as restaurants close and hotel rooms sit empty. Exports have also dropped as countries around the world cancel their orders for Portuguese oil.
Apr. 21, 2020
Italian olive oil production reached 365,000 tons, an increase of 110 percent compared to 2018 and 25,000 tons higher than initial estimates. Consumption, imports and exports also increased.
Apr. 21, 2020
Olive oil consumption has crept up as a result of the pandemic and prices of extra virgin, virgin and lampante olive oils have started to stabilize. However, both exports and imports are expected to fall.
Apr. 17, 2020
The new free trade agreement signed by the European Union and Vietnam will eliminate tariffs on olive oil imports, creating new opportunities for Spanish, Italian and Greek producers to tap into a growing market.
Apr. 6, 2020
As the coronavirus spreads through Argentina, olive growers and oil producers are facing complications both during and after the harvest. Small producers are likely to be impacted the most.