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EU approves 5 billion euro French scheme for wine exports to US

Published by Global Banking and Finance Review

Posted on May 8, 2025

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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)

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