Ukraine: Sales of European agricultural products under FTA agreements may increase by up to 30%

Published 2021년 2월 2일

Tridge summary

A study by the European Union's Joint Research Center examines the impact of twelve trade agreements in the agricultural and food sector by 2030. The study finds that these agreements will have a positive impact on the EU's trade balance and that EU exports could grow significantly. Sales of European agricultural and food products are expected to grow by 25% in the conservative scenario and 29% in the ambitious scenario. However, imports of agricultural products into the EU are also expected to increase by 10% with a conservative approach and 13% with an ambitious approach.

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Original content

This was reported by agrotimes.ua. "The EU's approach, which allows limited imports of agricultural products at lower tariffs through tariff quotas, is the best approach to protect certain vulnerable agricultural and food sectors," the EU report said. A study conducted by the Commission's Joint Research Center (JRC) examines the impact of twelve trade agreements in the agricultural and food sector by 2030 compared to the current situation. The study included, among others, agreements between the EU and Canada (CETA), the Commonwealth and Japan (JEFTA), as well as agreements between the European Union and Mexico. It also means an agreement with the Mercosur countries (South American market), which has not yet been ratified. Note that the study considered two scenarios, namely "ambitious" and "conservative". The ambitious plan envisages full liberalization of tariffs by 98.5% of all goods sold and reduction of tariffs by 50% for the remaining 1.5%. "On the other hand, the ...

Source: Agravery