Tuesday, 12 January 2021
France: plans to compensate wine producers for new U.S. import tariffs
Written by Redazione
France’s Ministry of the Economy and Finance has reportedly responded to new U.S. import tariffs by announcing plans to compensate French winegrowers. Affected wine producers will reportedly be allowed to benefit from compensation up to 20% of monthly turnover (as much as €200,000), effective at the end of 2020. The Ministry is also reportedly working with banks and European authorities in Brussels to postpone repayment of State Guaranteed Loans for one year. The Ministry is also considering strengthening support for French industry exports. Source: FIVS
Photo by Jean Luc Benazet by Unsplash
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