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

Alcoholic Beverages: Production Falls 6% in 2019

January 2020

During 2019, the production of alcoholic beverages in the country was 285 million liters, 6% less than the same period in 2018.

The most recent data published by the General Comptroller of the Republic, states that the production of alcoholic beverages in general reported a decline, from 302 million liters in 2018, to 285 million liters in 2019.

Alcoholic Beverages: Production up to June 2018

August 2018

In the first six months of 2018, the production alcoholic beverages in Panama amounted to 150.4 million liters, 4% less than in the same period in 2017.

According to the latest data from the General Comptroller of the Republic, production of alcoholic beverages in general reported a decline, falling from 156.7 million liters in the first half of 2017, to 150.4 million liters in the same period in 2018. 

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%.

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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