The Irish Whiskey Association (IWA) has said that it welcomes the continued engagement of the Irish government and European Commission in trade talks with the US.
US President Donald Trump announced that he would impose a 30% tariff on EU exports from 1 August.
The IWA said that the proposed tariffs would be devastating for the Irish whiskey and wider drinks sector because it would inflict unnecessary damage on a transatlantic trade relationship that has delivered huge economic value to both Ireland and the US.
Tariffs imposed earlier this year of 10% have already caused economic pain for Irish whiskey producers, according to the IWA, through stalled production, delayed investment and closure of some viable businesses.
The IWA has also said they are disappointed to see spirits included in the European Union's retaliatory measures under discussion, as it will unnecessarily escalate matters.
The IWA is calling for:
continued negotiations to remove all trade barriers.European Commission to keep US whiskey/bourbon and other drinks products off any retaliation list.The Irish Government to provide as much support as it can to the Irish whiskey sector.The IWA said that reducing production costs and easing the path to market must be a priority to maintain competitiveness and viability of the sector.
There is a strong trade relationship existing already between the EU and US with a "zero-for-zero tariff trading environment that has served the spirits industry well for nearly 30 years," a spokesperson for the IWA said.
The Irish Whiskey Association (IWA) has said that it welcomes the continued engagement of the Irish government and European Commission in trade talks with the US.
US President Donald Trump announced that he would impose a 30% tariff on EU exports from 1 August.
The IWA said that the proposed tariffs would be devastating for the Irish whiskey and wider drinks sector because it would inflict unnecessary damage on a transatlantic trade relationship that has delivered huge economic value to both Ireland and the US.
Tariffs imposed earlier this year of 10% have already caused economic pain for Irish whiskey producers, according to the IWA, through stalled production, delayed investment and closure of some viable businesses.
The IWA has also said they are disappointed to see spirits included in the European Union's retaliatory measures under discussion, as it will unnecessarily escalate matters.
The IWA is calling for:
continued negotiations to remove all trade barriers.European Commission to keep US whiskey/bourbon and other drinks products off any retaliation list.The Irish Government to provide as much support as it can to the Irish whiskey sector.The IWA said that reducing production costs and easing the path to market must be a priority to maintain competitiveness and viability of the sector.
There is a strong trade relationship existing already between the EU and US with a "zero-for-zero tariff trading environment that has served the spirits industry well for nearly 30 years," a spokesperson for the IWA said.
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