PRESS RELEASE
05.03.2021
SUSPENSION OF US RETALIATORY TARIFFS FOR FOUR MONTHS : REACTION OF THE COGNAC SECTOR
On March 5, the European Union and the United States have agreed on the mutual suspension of the retaliatory tariffs arising from the trade dispute about subsidies for Boeing and Airbus. « It is a very good news for Cognac a week only after Mr Franck Riester, Delegate to the Minister for Europe and Foreign Affairs in charge of Foreign Trade and Competitiveness, visited Cognac » declared Mr Christophe Veral, BNIC president.
This positive sign gives us hope about a permanent resolution of the subsidies that have impacted producers and actors of the wine and spirits sectors on both sides of the Atlantic.
