Portugal’s cork industry has successfully earned a US tariff exemption under the new US-EU trade agreement, safeguarding one of the country’s most iconic and strategic exports.
The exemption prevents a 15% tariff surcharge that would have applied to Portuguese cork, ensuring continued access to one of the sector’s most important global markets.
Portugal is the world’s largest cork producer, and cork is considered a premium, geographically unique natural resource that can’t easily be replaced or relocated.
The agreement, welcomed by the Portuguese Cork Association (APCO), was a win that reflected market gains for producers like Corticeira Amorim, strengthening cork’s image as a sustainable, premium product while reaffirming Portugal’s global leadership in the sector.
“This exemption is decisive in reversing recent negative trends in cork exports and secures our competitive position in the US,” said the Portuguese Cork Association (APCOR) in a statement. “It also confirms international recognition of cork as a unique, irreplaceable natural resource.”
Beyond commerce, consumers in the US will not face price increases for cork-related products, which underpin environmental ecosystem services, rural employment, and cultural heritage, especially in regions like Alentejo and Algarve.
The US accounts for around 10% of global wine production, making it one of the top markets for cork stoppers. With no viable alternatives domestically, a tariff could seriously undermine Portuguese exports. By avoiding higher import tariffs, American wineries are spared additional costs and can continue to prefer cork over synthetic alternatives, which prevents disruptions to supply chains.
Portugal’s cork forests not only support rural employment and cultural heritage but also play a vital ecological role in absorbing carbon dioxide and preserving biodiversity. By keeping cork competitive in the global market, the exemption ensures that its economic, cultural, and environmental benefits remain secure.
The Portuguese Cork Association (APCOR) represents the cork industry in Portugal, the world’s leading producer of cork products, accounting for more than 60% of global exports.
PAJ/Staff
