Increase for French wines export to South Korea

+150% is the increase observed by JF Hillebrand, specialised in the logistics of beer, wine and spirits, for French wine exports to South Korea since the Free Trade Agreement (FTA) settlement in 2011.

FTAs are agreements between economic areas which reduce or in some cases even waive duties and customs restitutions in order to ease mutual coordination.

Indeed, the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada has just been approved by the EU Parliament and is now to be voted by each EU country which will offer great opportunities for EU wines (exports to Canada).

The GCC (Gulf Cooperation Council) and the EU are still in discussion regarding putting in place a FTA which would boost the EU exchanges with Qatar, Kuwait, Oman, Bahrein, United Arab Emirates, Saudi Arabia.

The negotiations between the EU and Japan regarding the signature of a FTA are still ongoing. This is also a good signal for the EU wine economy as the competition between Chilean wines (having a FTA already in place with Japan) and EU wines is currently really fierce and has led to a drop of the EU wine market share in Japan.