ɪɾ ɪz ðə fˈɜːst sˈʌtʃ ɐɡɹˈiːmənt ɐmˌʌŋ ˌiːjˈuː ænd jˈuː.ˈɛs. wˈaɪnmeɪkɚz ænd ɪz sˈiːn æz ɐ stˈɛp təwˈɔːɹd bɹˈeɪkɪŋ dˈaʊn ðə "ˈoʊld wˈɜːld vˌiːˈɛs. nˈuː wˈɜːld" fˈoʊkəs ɪn wˈaɪn, ɹᵻplˈeɪsɪŋ ɪt wɪð wˈʌn ðæt hˈaɪlaɪts ɡɹˈeɪɾɚɹ ˌʌndɚstˈændɪŋ ʌv wˌɛɹ wˈaɪn kˈʌmz fɹʌm ˈɔːl ˌoʊvɚ ðə wˈɜːld.
It is the first such agreement among EU and U.S. winemakers and is seen as a step toward breaking down the "Old World vs. New World" focus in wine, replacing it with one that highlights greater understanding of where wine comes from all over the world.