EU approves 5 billion euro French scheme for wine exports to US
Published by Global Banking & Finance Review®
Posted on May 8, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on May 8, 2025
1 min readLast updated: January 23, 2026
The EU has approved a €5 billion scheme to facilitate French wine and spirits exports to the US, effective from May 8 to July 8, 2025, ahead of new tariffs.
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)
The article discusses the EU's approval of a €5 billion scheme to support French wine and spirits exports to the US.
The scheme is temporary to allow exports before new US tariffs take effect, running from May 8 to July 8, 2025.
The scheme was approved by the European Commission under EU state aid rules.
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