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€443 million in restructuring aid for the EU wine sector is announced

20 May 2004

Editorial comment

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.