|443 million in restructuring aid for the EU wine sector is announced|
|On September 5th 2003 the European Commission announced the adoption of two decisions covering aid to restructuring and conversion of vineyards, totalling €443 million. The aim is to support the improvement in the quality of EU vineyards and to support the conversion of certain vineyards to other uses. This maintains the size of the programme for 2002/2003, which was 15% larger than the 2000/2001 programme. Each programme is implemented in line with national plans.
This type of EU support aims to assist the EU industry to restructure in response to changing market demands, thereby maintaining the EU's competitiveness vis-à-vis new third-country suppliers. The EU sees such aid as non-trade-distorting, but since it covers costs of modernisation which wine producers in developing countries have to cover themselves, it inevitably impacts favourably on the competitiveness of EU wine production.
|On September 5th 2003 the European Commission announced the adoption of two...|
|Theme:||Marketing and Trade|