On Thursday 8 May, the European Commission authorised France to introduce a €5 billion re-insurance scheme for export credit for the United States.
The scheme, which runs from 8 May to 8 July, is designed to support exporters of wines and spirits in their operations to the United States before a new series of customs duties comes into force (see EUROPE B13636A1).
CAP Francexport offers credit for export to countries that are non-marketable on the private insurance market. The...