Rory Ramsden – Luxury French Property Finder & Buyer's Agent in south west France
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Anson: So Brexit is happening – what next for the wine trade?

While the EU and British government are still in limbo discussing the imminent exit from the EU many industries are unsure of their future. Among them is the wine industry which held a conference discussion at Vinexpo recently. The election a couple of weeks ago is a cause for celebration with more moderate politicians in power who may help keep the industry stable. Currency devaluation is causing a rise in the price of wine. One panelist was very confident that Brexit would have minimal effect on the wine industry. There were many topics discussed but the main takeaway was that the wine industry would like the politicians to keep the difficulties of the transition to a minimum so trade is not disturbed.

Key Takeaways:

  • Talks with the EU Commission’s chief negotiator, began in June, to ultimately map out Britain’s withdrawal from the EU.
  • It would appear among all the wine-producing countries that France could be the most inflexible negotiator.
  • The attractiveness of the British wine consumer remains strong, with as much as twenty-five percent of the European wines destined for British consumption.

“Sterling is a good 15% down on last year and it has meant that wine prices so far for the UK consumer have risen slowly but surely.”

Read more: http://www.decanter.com/wine-news/opinion/news-blogs-anson/brexit-wine-trade-impact-debate-371278/

About the Author Rory

Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.

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