The EU approves the French regime of € 5 million for wine exports to us

The European Commission has approved a French reassurance scheme of $ 5 million ($ 5.6 million) to support the export of wines and spirits to the United States.

In a statement published on May 8, the commission said that the temporary measure, which is in the existing regime of the Pac Francexport, was erased according to the EU State’s help rules.

The reassurance mechanism offers short -term guarantees to French companies that provide insurance against “commercial and/or political risks” associated with payment obligations in export transactions.

The measure, applicable from July 8 to 8, will help companies export products to the United States before the new Washington rate wave comes into force.

On April 2, the United States announced a new wave of rates in a wide range of EU imported goods.

It includes 20% of rates in products such as agri -food and drinks, including wine and spirits.

Although the United States government issued a 90 -day temporary pause on some of the rates scheduled for April 9, and the EU responded with a corresponding suspension of its planned counterparts, is uncertainty.

The President of the European Commission, Ursula von der Leyen, said that if the ongoing negotiations do not achieve a satisfactory resolution, the EU is ready to reintegrate its against -Contrats.

The commission concluded that the Paris regime is “necessary, adequate and proportional” to facilitate the exports of wine and spirits from France to the United States during the limited operational window.

He also determined that the measure has an “incentive effect”, as the exporters involved would not proceed to transactions without the support.

In April, the head of the EU European Commerce of Commercial Commercial Commerce (CEEV) Warnings warned will fight for “reabsorb” Exports to the United States following the rates of 20% of the country to the imports of the blog.

Speaking Only drinksCEEV Secretary General, Ignacio Sánchez-Recarte, said that the producers “will have to re-evaluate” their export strategy after the introduction of the 20% Levy.

The Executive Vice President of the Commission, Teresa Ribera, said: “The commission quickly responded to France’s application to approve this export reinsurance scheme.

“Given the possible shortage of export credits to the United States during this period, the Commission will apply the same approach to all future cases comparable notified by the Member States.”

According to the Federation of Wine Exporters and Spirits of France (FEVS), the United States is the great market for exports of French wine and spirit.

Show the data of the commercial body General exports of wine and country spirits were reduced by 0.1% in last year’s volume to 173.9 million cases.