U.S. exports of liquor and wine to Canada have plummeted by more than 60% in the first half of the year as Canadians boycott US alcohol. Shipments of popular US-made whiskeys, rums, gins and other liquors through June to Canadian provinces was around $43.4 million, representing...
Whilst the EU was hopeful that wine and spirits would be excluded from the 15% tariff outlined by Trump, it has now been confirmed that these products will also be subject to the same rate. With the US the largest market for many European wine and...
The European Union (EU) exported $52billion (AUD) worth of alcoholic drinks to non-EU countries, with wine constituting the lion's share, constituting a 56.2% share of this total, followed by spirits/liqueurs with 29.7% and beer at 11.5%. France was the biggest exporter, responsible for a massive 40.6%...
Given the changing nature of global trade, Europe and the UK are currently more likely to want to find some way of working together, particularly as they look at ways to grow their economies and support their small and medium businesses. Therefore, a UK-France trade reset...
The FuelEU Maritime Regulation operates alongside the current European Union Emissions Trading System (EU ETS.) It aims to reduce the overall intensity of GHG emissions created by the shipping sector over time and is one component of the EU’s target to lower net emissions by...
In a bid to increase the market awareness of Australia’s growing certified organic industry, the Federal Government will seek to include organic wine in upcoming trade negotiations with the European Union and Japan. With EU officials scheduled to visit Australia this month, the Department of Agriculture,...
As of 3 June 2024, Australian businesses exporting to the European Union (EU) will need to fulfill additional data requirements. As part of the upcoming third release of the EU’s Import Control System 2 (ICS2), all cargo that is discharging, transhipping in the EU, Northern Ireland,...
The EU has announced new regulations around sustainable aviation fuel (SAF) expectations for airlines that fly within or depart from EU nations. These new green laws ReFuelEU focus on aviation and outlines that all flights departing from and to an EU airport must use a minimum...
The European Parliament has approved the European Union's free trade agreement with New Zealand (NZ), which may come into effect in early 2024. This agreement will remove 140 million euros ($A233 million) of annual tariffs on EU exports such as clothing, chemicals, pharmaceuticals and cars, as...
As per the notification in our September newsletter, Europe has officially sanctioned the ETS system and surcharges will commence as of 1st January 2024. The EU Emissions Trading System (EU ETS) is the European Union's strategy to tackle climate change by limiting and charging for greenhouse...