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The EU Commission announces the relaxation of competition rules for wine producers due to the COVID-19 pandemic

EU wine producers can now benefit from a temporary relaxation in competition rules* The European wine sector has been greatly affected by the COVID-19 pandemic. According to statistics from the European Commission (EC), there has been a 30% reduction in the volume of wine sold and a 50% drop in the value of sales across the EU from mid-March until to end of May 2020, compared to sales before the closures. As simply put by the EC, while COVID-19 has led to an increase of home consumption in wine, this has not compensated for the drop

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Authors

  • Hogan Lovells (Brussels)
  • Hogan Lovells (Brussels)

Quotation

May Lyn Yuen, Alexandra Bray, The EU Commission announces the relaxation of competition rules for wine producers due to the COVID-19 pandemic, 7 July 2020, e-Competitions Preview, Art. N° 95826

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