American taxes on wine “are one of France’s top priorities”

Wednesday February 10 2021 by Vitisphere

A confident Bruno Le Maire, France’s Minister of the Economy, says he is “hopeful that we can get the ball rolling over the coming weeks”. A confident Bruno Le Maire, France’s Minister of the Economy, says he is “hopeful that we can get the ball rolling over the coming weeks”.

Speaking before the Senate Committee on Economic Affairs about additional American duties on wines, France’s Minister of the Economy, Bruno Le Maire said on February 2: “I hope, as I told the European Commission again recently, that [French winegrowers] can benefit from a European compensation fund”. Questioned by Charente Senator Daniel Laurent on the transatlantic aviation dispute that is penalising the wine industry, the former Agriculture Minister stressed that “it is wrong that when French winegrowers are affected by such penalising sanctions, there is not a quick response in the form of a compensation fund”.

The government’s policy was confirmed the same day in the country’s lower house of parliament by the Minister of Agriculture, Julien Denormandie: “The European Union must also meet its obligations by financially supporting the industry. We have been asking the Commission for this for a year now. The conversation is ongoing and our request must be heeded”. Questioned by Médoc MP Benoit Simian about negotiations with the new American administration, the Minister of Agriculture added: “Tension in negotiations with the Americans must be eased, though without being naive. We must show that we are ready to react yet also seek reconciliation”.

Bruno Le Maire told senators that he had had his “first discussion with the American Secretary of the Treasury, Janet Yellen. She is not directly in charge of the issue, but her counterpart tasked with Trade has not yet been confirmed by the Senate. I immediately told her that this subject was one of France's top priorities and that we wanted to move away from a rationale of divisive trade relations between France and the United States, and between the United States and Europe, which can only lead to a lose-lose situation”.

 

 

 

LEAVE A COMMENT

Copy the code :
Processing
© Vitisphere 2021 - Tout droit réservé