WINE SECTOR: INCREASED FUNDING FOR THE EU PROMOTION
In terms of wine news, the first month of the year 2020 has common element with the end of 2019, namely the tariff war between the USA and the EU.
Representatives of the European and American wine trade association ou quoi? have issued a joint declaration calling for the complete elimination of customs duties affecting the wine sector between the two sides.
At the European level, the EU Member States voted on a proposal by the European Commission to increase funding to promote European wine.
The European Commission has published a report forecasting that wine consumption on the Old Continent will fall in the coming years.
Internationally, Brazil has adopted measures in favor of its wine sector by cancelling taxes and creating a Support Fund.
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