A study from European Commission confirms the positive impact of trade agreements in the agri-food sectors
Bulgaria
Denmark
Published Jan 28, 2021
Tridge summary
According to a new study, the EU trade agenda will have an overall positive impact on the EU economy and agri-food sector. The trade agreements will lead to significant increases in EU agri-food exports, as well as more limited increases in imports, generating an overall positive trade balance.
Original content
The study also confirms that the EU approach to granting a limited number of imports with reduced tariffs (via tariff quotas) is the best in terms of protecting certain vulnerable agri-food sectors in the EU. The study, carried out by the Commission's Joint Research Center (JRC) and updating another study from 2016, examines the cumulative effects of twelve trade agreements in the agri-food sector between now and 2030. It is available at the following link. It is a theoretical modeling exercise that analyzes trade outcomes for the agricultural sector as a whole and the sectoral impacts on trade, producer prices and production volumes. In his assessment of the study, Agriculture Commissioner Janusz Wojciechowski said: 'The success of EU agricultural trade reflects the competitiveness of our sector. The reforms of the common agricultural policy have contributed greatly to this, backed by the global reputation of the EU's products, which are considered safe, sustainably produced, ...
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