|
|
Article: South Africa, EU sign wine export deal
- Article from:
- AP Worldstream
- Article date:
- January 28, 2002
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
00-00-0000
Dateline: PAARL, South Africa
South African and the European Union officials toasted the signing
of an agreement Monday to increase two-way trade in wines and spirits.
Under the agreement which took seven years to negotiate, South African
wineries will be able to export 42 million liters (11 million gallons)
of wine to Europe duty-free a year, a quota that may be increased
by up to three percent annually.
The EU also agreed to give South Africa 15 million euro (dlrs 13 million)
to restructure its wine and spirit industry.
European producers may export a small quantity of sparkling and high
quality wines to South Africa duty free.
The deal was clinched after South ...