Spanish olive oil producer and exporter Acesur plans to open a new production center in the US to avoid recently imposed US tariffs on some Spanish olive oil imports.
“This would allow us to take product from anywhere in the world to the US and produce our oil, avoiding tariffs,” said Gonzalo Guillén, executive director of Acesur on October 28.
On October 2, the US announced tariffs on US $ 7.5 billion worth of EU goods as a result of a 15-year trade dispute over EU subsidies to European aerospace company Airbus, which the World Trade Organization determined was inappropriate .
US imports of Spanish virgin and non-virgin olive oil in containers weighing less than 18 kg are subject to tariffs of 25%, which took effect on October 18.
Acesur, which bottles the Coosur and La Española olive oil brands, was also planning to open a packaging center to which it could export olive oil in bulk, the report said. Olive Oil Times .
Bulk olive oil would be packaged at the new factory and distributed across the US.
Acesur did not announce where the factory would be and how many people it would employ, wrote the Olive Oil Times .
Source: OFI Magazine
