No country can compete with France when it comes to quality wine.
Literal
Good-quality [of-の] wine [with-では] France [at-に] rival-can country [topic-は] does-not-exist.
~に太刀打ちできる ('can rival, can compete with') uses 太刀打ち (literally 'sword-fight'), a set metaphor for meeting an opponent on equal terms. Takes に on the rival. ~国はない is the 'no such X exists' structure.