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Delhi Wine Club

Posted: Thursday, November 08 2007. 1:30 PM

EU budgets $725 million to promote member wines

The European Union on Tuesday approved over €500 million ($725 million) to help make its wine producers more competitive in world markets, reports Internationa Herald Tribune.

The funds for next year will go toward changing vines to produce better quality wine, relocating vineyards and improving techniques.

The EU is currently negotiating to totally revamp its wine sector, ripping out unproductive vineyards, making it possible to expand productive land, simplify labeling and end certain techniques which contribute to overproduction.

The EU has now set aside €3 billion ($4.35 billion) over the past decade for the wine sector.

"Improving the quality of the wine we produce is a top priority if we are to fend off the challenge posed by New World wine producers," said EU Farm Commissioner Mariann Fischer Boel.

http://www.iht.com

 

 
 

 
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