Tariffs Lowered on European Liquors

The trade association agreement between Central America and Europe means a reduction in import tariffs on alcoholic beverages.  

Monday, March 17, 2014

With the entry into force of the Agreement between Europe and Central America (CAAA) comes a reduction in import costs, which in the case of champagne is a cut of 15%.

According to Javier Abreu, company representative of Vinos & Destilados in Costa Rica, this allows for a decrease in consumer prices of between 15% and 30% for brands such as Bonpas and Thorin (French wines) , Rioja Bordon and Diamante (Spanish wines) and Bombay Sapphire and Botanic (gin). A bottle of Moët & Chandon, for example, went from $95 to $63."

An article in Elfinancierocr.com adds that "between 2009 and 2013, imports of alcoholic beverages (in the country) grew by 50% and accounted on average for $51 million a year, according to data from the Foreign Trade Promotion Office (Procomer)."

"With the CAAA, the expectation is that the figure will continue to increase, as during that period, a third of those products were imported from Europe, mainly from countries such as the UK, Spain, Italy and Ireland."



More on this topic

Consumption of Spirits and Wines Growing in Costa Rica

November 2014

Between 2009 and 2013 sales of wine in the country increased by 77%, followed by vodka, which increased by 43%, whiskey 38% and rum 31%.  

In 2013 wine came top in terms of import volumes, with a total of 9,256 tons. At the same time, its distribution in bars, restaurants, liquor stores and supermarkets during the same period grew by 32%.

Costa Rica: EU Agreement in Effect From October

September 2013

The Council of the European Union has approved Costa Rica's entry into the Association Agreement between Central America and the European Union.

From a press release by the Ministry of Foreign Trade (Comex):

The European Union Council today unanimously approved Costa Rica's entry into the Association Agreement between Central America and the European Union (CAAA).

Costa Rica Could Enter AA with EU in October

September 2013

The Trade Policy Committee of the Council of the European Union has recommended the entry into force of the agreement with Costa Rica on 1st of October.

From a press release by the Ministry of Foreign Trade (Comex):

The Trade Policy Committee of the Council of the European Union, composed of the appropriate Ministries of the Member States agreed today to recommend the entry into force for Costa Rica of the Association Agreement between Central America and the European Union (CAAA). The decision is an important step towards achieving the enforcement of this agreement from October 1.

C.A. Request E.U Free Tariff for Liquor

November 2009

Producers and importers of alcoholic beverages suggested a tariff reduction agreement between EU and CA.

This request could be included in the Association Agreement being negotiated between both blocks.

Pedro Lamport, President of the Central American Association of Importers and Producers of Alcoholic Beverages, told newspaper Elnuevodiario.com.ni: "The idea is for us to have the same treatment.

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