The European Union has allocated €40 million (US$46.4 million) to support French wine producers to turn excessive red and rosé wines into industrial alcohol. Read More
EU
European winemakers could soon gain cheaper access to India as a long-awaited trade deal could be completed as soon as this month. Read More
For the wine industry, the stakes are particularly high: if India’s steep tariffs of up to 150% are lowered, the emerging market of 1.4 billion people could quickly unlock its potential. Read More
Following Trump's 30% tariff threat, EU is drafting a retalitation package targeting €72 billion worth of American goods including Bourbon, wine and beer. Read More
Vietnam had previously signed free trade agreements with the European Union, Australia, and New Zealand in 2018 and 2019, leading to the gradual elimination of tariffs on wine. However, the 60% excise tax could negate the benefits of these agreements. Read More
The European Commission approved a €5 billion (US$5.6 billion) French scheme Thursday to help wine and spirits exporters accelerate shipments to the US before a 90-day tariff truce expires July 8. Read More
The European Union is pushing India to lower tariffs on wine, spirits, and other key exports as part of efforts to boost bilateral trade, while concerns mount over potential U.S. tariff hikes on European goods. Read More
China’s largest duty-free operator has allegedly removed cognac products from top producers, including Martell, Hennessy, and Rémy Cointreau, in what appears to be an escalation of trade tensions between Beijing and Brussels. Read More
EU wine exports to most Asian markets suffered setbacks in 2024 with the exception of one market that bucked the downward trend.
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The probe, originally scheduled to conclude within a year, will now run until April 5, 2025. Read More