ROMANIA DEAL
September 1st, 2004
BY KEITH NUTHALLEUROPEAN Union (EU) drinks producers will gain duty free penetration of the Romanian market by 2007, even if the country's planned EU accession on that year falls through. Under a free trade deal designed to ease its membership, Romanian duties on beer would be phased out from 45% today to zero by 2007, 60% brandy, rum, gin, vodka, liqueurs and vermouth duties would disappear on January 1 of that year, as would 35% duties on EU whiskies. Access to Romania's standard wine market is not covered, however. Also, Romanian producers get less in return, ...
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