The EU's overall subsidy to the wine industry is around 1.3 billion euros per year. For example, the French government gives 300 euros to every hectare of wineries. Italy and Spain have provided subsidies to their wine exporters, in going to wine exhibitions.
The German government subsidises half of the advertising fees if the ads are placed in China. Three out of four major Chinese wine companies listed on A shares have seen sales decrease in 2012 from a year ago. The overall sales revenue has dropped by 14.2 percent.
China launches anti-dumping probes into EU wines
2013-07-02Probe into imports of EU wines
2013-06-06Copyright ©1999-2018
Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.