PARIS (Reuters) -The European Commission has approved a 5 billion euro ($5.6 billion) French scheme to facilitate the export of wines and spirits to the United States, it said on Thursday. The
EU Greenlights €5 Billion French Wine Export Plan to US
PARIS (Reuters) -The European Commission has approved a 5 billion euro ($5.6 billion) French scheme to facilitate the export of wines and spirits to the United States, it said on Thursday.
The Commission said the temporary scheme - approved under EU state aid rules - will be in place from May 8 to July 8, 2025, and will allow exporters of wines and spirits to export inventory to the U.S. before new tariffs take effect.
($1 = 0.8898 euros)
(Reporting by GV De ClercqEditing by David Goodman)
