On Thursday 28 May, the European Commission presented a delegated act that aims to ease the financing rules of the common agricultural policy (CAP) in order to support the wine sector, which is facing difficulties in several Member States.
The text aims to amend Delegated Regulation 2022/127 in order to raise from 80% to 90% the ceiling for advances that may be paid to beneficiaries for certain wine-sector interventions provided for under the CAP.
According to the Commission, the wine market is going through a period of high volatility, particularly for red and rosé wines in several European Union countries. During the negotiations on the proposal concerning certain market rules and sectoral support measures, it was agreed that there was a need to raise the maximum rate of the forecasted expenditure of interventions that can be paid in advance to the beneficiaries from 80% to 90%.
The aim is to facilitate access to financing and encourage uptake of the interventions provided for in the national CAP strategic plans. The text still has to be formally adopted by the European Commission.
Link to the text: https://aeur.eu/f/m2l (Original version in French by Lionel Changeur)