- European Commission approved a 5 billion euro French re-insurance scheme for export credit to the US
- Scheme is active from 8 May 2025 to 8 July 2025
- Aims to help French exporters of wines and spirits export to the US before new tariffs
- Implemented under Cap Francexport re-insurance regime through Bpifrance Assurance Export
- Provides short-term guarantees against commercial and political risks in export transactions
- Commission assessed the scheme under EU State aid rules and found it necessary and proportionate
- US announced new tariffs on various goods including wines and spirits
- Temporary pause on some tariffs announced by US and EU to allow for negotiations
- Decision details will be available under case number SA.118757 on the Commission’s competition website
Source: ec.europa.eu
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
