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EU Albania trade deal will boost tobacco trade.

EUROPEAN Union (EU) ministers have been asked to approve a trade deal negotiated by the European Commission and Albania, liberalising sales of various tobacco leaf imports into Albania and manufactured products into the EU. A locally-owned tobacco and cigarette manufacturing plant operates from the Albanian port Durra's, and under the agreement, EU exporters of tobacco leaf and tobacco seed oil would be able to sell these products duty free into Albania upon mutual ratification. Leaf lines affected include flue-cured Virginia; light-air cured Burley; light-air cured Maryland; fire-cured tobacco of all varieties; tobacco refuse and others. In return, the EU would lift duties on Albanian exports of cigars, cheroots, cigarillos and cigarettes, including those containing cloves, manufactured tobacco substitutes, smoking tobacco, tobacco extracts and essences, as well as reconstituted tobacco. Also, Albania would phase out over five years its import duties on similar manufactured tobacco products, but also including chewing tobacco and snuff. The agreement also includes rules on assessing whether tobacco, manufactured tobacco substitutes, cigarettes, cigars, cheroots, cigarillos and smoking tobacco should be officially considered made in Albania or the EU for tariff purposes. This deal covers other non-tobacco goods, and such wide-ranging deals are a common prelude for countries wanting to join the EU becoming a member state.
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Author:Nuthall, Keith
Publication:International News Services.com
Date:Feb 1, 2007
Words:209
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