Spain: The EU trade agreements are favoring the import of fruits and cereals from 3rd countries
Fruits
Spain
Published Jan 12, 2021
Tridge summary
According to the “Report on the Application of Free Trade Agreements with 65 Third Countries” recently published by the Commission, in 2019, 92% of total EU exports to these preferential partners were industrial products. The EU continued to export mainly machinery, chemical products and transport equipment, with growth rates of 1.5%, 6.3% and 5.7% respectively, according to the Report.
Original content
In the case of agri-food products, exports grew by 8.7% in 2019, placing beverages at the top in terms of value, with 15% of preferential agri-food exports (+ 8.6%). The categories of cereals, dairy products and meat reached approximately 8% each and grew by 39%, 13.2% and 0.7% respectively. Regarding EU imports from 65 trading partners, 91% are industrial products, which increased by 2% in 2019. The three main categories were machinery and appliances (+3%), chemical products ( +16%) and mineral products (-7%). Agri-food imports increased 8.3%. The main imports were edible fruits and nuts (+3.9%), cocoa preparations (+6.5%), coffee and tea (-0.2%) and cereals (+22.9%). In total in 2019, the Union implemented forty-four trade agreements with 66 partners. Trade with these partners amounted to € 1,345 billion, representing 33% of the EU's foreign trade (34% of total exports and 33% of total imports). The report contains up-to-date information on 36 of the EU's main trade agreements ...
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