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Image header Agence Europe
Europe Daily Bulletin No. 13637
Contents Publication in full By article 18 / 28
ECONOMY - FINANCE - BUSINESS / State aid

France authorised to pay €5 billion to facilitate wine exports to United States

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...

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