An article “Wine: The punching bag in trade retaliation” published in the journal Food Policy concludes that recent trade disputes threaten to reduce wine trade by nearly $340 million annually and significantly reduce consumer welfare, while complete trade liberalisation would expand trade by about $76 million.

The study analyses the impact of tariffs and tariff retaliation by estimating a structural gravity model of global wine trade, and then simulates the effects of tariffs and tariff retaliation, as well as the effects of trade liberalisation, on trade and welfare in the international market for wine.

 

TTB agrees to issue proposed rules requiring mandatory alcohol labels

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United Kingdom: Scotch Whisky Association adds influencer rules to marketing code

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The Scotch Whisky Association has revised its responsible marketing principles to include...

United States: TTB proposed rulemaking on trade practices in alcohol sector

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The U.S. Department of Treasury’s Alcohol and Tobacco Tax and Trade...

European Union: Highest ever monthly inflation rate in euro zone/food, alcohol, and tobacco prices up by 13.1%

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Europe’s statistics office reportedly found that inflation reached an annual 10.7% during...

United States: California’s Sonoma County town hall to discuss wine sector’s water use

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A town hall meeting in Sonoma County will reportedly include a discussion...

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