French Agriculture Minister opposes sugar tax on processed products

Published 2024년 11월 5일

Tridge summary

French Agriculture Minister Annie Genevard has expressed strong opposition to a proposed tax on sugar used in food processing by the agri-food industry, arguing that it would harm French industrialists and hinder the sector's competitiveness. The tax, included in the draft law on the financing of Social Security for 2025, has been modified to only target soft drinks with sugar or sweeteners, following backlash from Genevard. She also aims to initiate a debate on the maintenance of the SRP+10, a law that requires supermarkets to sell food products at a minimum 10% profit margin above their purchase price, before its trial period ends in April.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

French Agriculture Minister Annie Genevard has come out in defence of sugar in particular and the agri-food sector in general, opposing the application of a tax on sugar used in food processing by the agri-food industry. Genevard has been very forceful and has said that this tax would be equivalent to putting "balls and screws in the feet" of French industrialists, which is the equivalent of our "putting sticks in the wheels". She has recalled the great difficulties that French industry already has in global markets due to strong competition, so that, in addition, it is the government itself that puts more obstacles in its way. She has mentioned that the French agri-food sector was previously the second most important economic sector in the country and that it is now in sixth position, with the possibility of falling to seventh. In order to increase revenue collection, in the draft law on the financing of Social Security for 2025 in France, the Minister of Health had proposed an ...
Source: Agrodigital

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