CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. MEPs Vote On Duty Free Imports For Tunisian Olive Oil

MEPs Vote On Duty Free Imports For Tunisian Olive Oil

by Ulrika Lomas,, Brussels

16 March 2016

Members of the European Parliament (MEPs) have passed legislation to enable the European Union (EU) to import 70,000 tonnes of Tunisian olive oil duty-free over the next two years.

The emergency quota was approved by 500 votes to 107, with 42 abstentions. Rapporteur Marielle de Sarnez said: "The adoption of these emergency measures is good news for Tunisia, which is facing very serious difficulties. Increasing the zero-duty olive oil quota, without increasing total export volumes, will provide essential help for Tunisia, and is not likely to destabilize the European market. What is at stake here is the success of Tunisia's transition to democracy, which is vital not only for Tunisia but for Europeans."

The legislation provides a two-year temporary zero-duty tariff quota of 35,000 tonnes per year for olive oil imports from Tunisia. There will be no increase in the overall value of imports from Tunisia. The EU will discount duties on the olive oil that Tunisia is already being exported to the EU. Under previous trade agreements, Tunisia has a 56,700 tonne annual duty-free quota for virgin olive oil. The additional 35,000 tonne quota will apply once the regular annual quota is exhausted.

Parliament had previously requested that the scheme be reviewed after one year and that it be amended if it is found to harm the EU's olive oil producers. MEPs had also asked for a "tracking clause" obligation to ensure that all olive oil imported under the quota is obtained entirely in, and transported directly from, Tunisia. In addition, they had rejected proposals for the possible extension of the scheme beyond the initial two years. The European Council agreed to these requests, enabling Parliament to pass the legislation into law.

The text of the legislation must now be formally approved by the Council. The legislation will enter into force 20 days after its publication in the EU Official Journal, and the two co-legislators will sign it during the April plenary session.

TAGS: tax | tax incentives | law | agreements | legislation | tax rates | Tunisia | import duty | tax reform | trade | European Union (EU) | Europe

To see today's news, click here.


Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Stay Updated

Please enter your email address to join the mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.

To manage your mailing list preferences, please click here »