EU approves 5 billion euro French scheme for wine exports to US
ReutersMay 8, 2025 4:30 PM
PARIS, May 8 (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)
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