EU Pesticide Ban on LATAM Imports Undercuts New Duty Relief for Air Cargo
A new European Union ban on certain food imports from Latin America, due to concerns over pesticide residues, is negatively impacting the air cargo market. The restrictions on products like mangoes, melons, and peppers from countries such as Brazil and Colombia are causing a significant dent in trade volumes. This development creates a challenging situation for carriers, as it coincides with the implementation of the EU's new Generalised Scheme of Preferences (GSP). The GSP was intended to boost trade by reducing duties for developing nations. Now, logistics providers and airlines are facing uncertainty and reduced demand on this key perishables trade lane.
Official Source: https://theloadstar.com/food-exports-ban-puts-a-dent-in-latam-europe-trade-just-as-duty-relief-arrives/