FRENCH exports of wine and spirits fell last year, industry figures showed on Tuesday, as the sector was hit by a trade spat with China and now braces for potential US tariffs.
Foreign sales of wine, champagne, cognac and other French alcoholic drinks totalled 15.6 billion euros ($16.1 billion) in 2024, down four per cent from the previous year, according to the Wine and Spirits Exports Federation (FEVS).
Exports were down 0.1 per cent in terms of volume.
The slump comes “in a context still marked by economic and geopolitical tensions”, the federation said in a statement.
Sales of French alcohol to the United States, its top foreign market, grew five per cent last year.
AFP
#TheGlobalNewLightOfMyanmar