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."

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