‘International Food and Drink Action Plan’ by the UK Govt. and EU’s Support to Small Vintners
We all know that rules and regulations for importing and exporting FMCG products are going to be changed after Brexit. The appetite of the great English wine and spirits not only exists within our boundaries but it is also seen overseas. If you are an English wine lover, trader or English wine supplier living in some other country of Europe, you certainly want positive effects of Brexit on an international trading company supplying English wine and spirit products oversea.
International Food and Drink Action Plan
In the International Food and Drink Action Plan, the UK government has set a target to find new markets for wine, cider and spirit producers. The government is assisting 200 beer, cider, spirit and wine companies with export developments. This plan will boost the wine export.
European Countries Receiving Government Support for Wine Production
Here, we can put Brexit and English wine trade on the back burner and see what is happening in the EU wine industry. Governments in Europe are providing support to wine producers. This support is the form of direct money to vintners and some subsidies. The subsidies are provided for the distillation of low-quality wine in rural farm regions. The EU is also providing tariffs on importing from non-EU nations supporting domestic prices.
Who Is Getting More Support
Apart from the UK, Greece, Spain and Portugal also produce great wine. However, these are not the courtiers getting the most EU support. France is getting the maximum support. France is one of the richest European countries. Does French wine industry really need government support? France has a larger number of small vintners as compared to other countries. And, the French wine industry is of great importance. After France, Italy and Spain are the second and third biggest receivers of support respectively. This might be surprising for you but support being given to Austria and Germany is thrice the support being received by Greece. However, the EU eyes to support struggling vintners.
The UK government has a special action plan for wine producers to boost export. The EU is providing support to the wine producers of EU-countries. This really sounds great for producers, international trading companies, suppliers and consumers of the great English and European wine and spirit products.
It is expected that the UK wine, spirit and FMCG industry will experience a short spanned rise in price. However, it will be for a short span of time.
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