Spanish Olive Oil Giant to Open New Production Centre in US

Spanish olive oil producer and exporter Acesur plans to open a new production centre in the US to evade the recently imposed US tariffs on some Spanish olive oil imports, reports the Oils & Fats International on November 19.  Acesur bottles the olive oil brands Coosur and La Española

On October 2, the USA announced tariffs on US$7.5 billion worth of EU goods as a result of a 15-year long trade dispute over EU subsidues to European aerospace corporation firm Airbus, which the World Trade Organization ruled were improper.  US imports of Spanish virgin and non-virgin olive oil in containers of less than 18kg are subject to 25% tariffs, which took effect on October 18.