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The European Union’s four largest wine producing countries (France, Italy, Spain and Portugal) have joined forces in an attempt to influence negotiations to reform the EU’s wine aid rules, which award the sector about €1.2bn in assistance a year.
FT.com
"The four countries argue that the EU needs to improve the quality and marketing of its wine to regain market share from New World competitors such as Australia and Chile. Their stated common goals include maintaining the controversial practice of crisis distillation – where surplus wine from a bumper crop is turned into fuel and industrial alcohol – as a key instrument to eliminate unwanted surpluses."
FT.com
"The four countries argue that the EU needs to improve the quality and marketing of its wine to regain market share from New World competitors such as Australia and Chile. Their stated common goals include maintaining the controversial practice of crisis distillation – where surplus wine from a bumper crop is turned into fuel and industrial alcohol – as a key instrument to eliminate unwanted surpluses."
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