500 million euros of losses feared for the French pork industry

Published 2024년 10월 31일

Tridge summary

The article highlights the concerns of Inaporc, the French pork industry interprofessional organization, regarding the potential impact of the ongoing Europe-China dispute over electric cars. The dispute could lead to the imposition of additional customs duties on Chinese electric vehicles, which in retaliation, could result in China imposing taxes on European agricultural exports, including French pork. This would be detrimental to France, as China is a crucial market for its pork exports, valued at €2.5 billion annually, or 16% of the total pork exports in 2023. The proposed taxes could destabilize the entire European meat export market to China, potentially costing the French pork sector an estimated 500 million euros. Inaporc is urging the European Union and the French government to intervene and support the pork sector to prevent such losses.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After cognac, French pork is likely to lengthen the list of victims of the standoff between China and the European Union over electric cars (Member countries have given the green light to the imposition of additional customs duties on electric vehicles "made in China"). Inaporc believes that Europe is thus sacrificing one by one the agri-food sectors of its member countries, endangering their food autonomy. China is an essential partner for the pork sector, since it is its leading export market. One of the only outlets for cuts that are little consumed in Europe, mainly offal (ears, feet, etc.). Each year, 115,700 tonnes of pork products are exported to this country, or 16% of total pork exports in 2023, or €2.5 billion. "A surcharge applied to pork products exported to China would destroy all of France's efforts to promote exports to this country," says Inaporc. Indeed, last May, an agreement between President Xi Jinping and President Emmanuel Macron helped increase sales volumes ...

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