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Commission presents study on impact of trade agreements on agri-food sectors

28/01/2021 | Economy |  Daily News 26 / 01 / 2021

Source: European Commission Spokesperson's Service  



The Commission presents today the results of a study on the expected economic effects by 2030 of ongoing and upcoming trade negotiations on the EU agricultural sector. The results are based on a theoretical modelling exercise on the potential economic effects on the agri-food sector, including specific results for some agriculture products after the conclusion of 12 trade agreements. This study represents an update of a study carried out in 2016. The EU trade agenda is set to have an overall positive impact on the EU economy and the agri-food sector. Trade agreements are due to result in substantial increases in EU agri-food exports, with more limited increases in imports, creating a positive trade balance overall. Executive Vice-President responsible for trade Valdis Dombrovskis commented: “The EU has always stood for open and fair trade which has enormously benefitted our economy, including agricultural producers. This study shows that we have been able to strike the right balance between offering more export opportunities to EU farmers, while protecting them from potential harmful effects of increased imports. Supporting the EU agri-food sector will continue to be a key element of the EU's trade policy, be it through market opening, protecting traditional EU food products or defending it against dumping or other forms of unfair trade.” Agriculture Commissioner Janusz Wojciechowski said: “The success of EU agricultural trade reflects the competitiveness of our sector. Reforms of the Common Agricultural Policy have highly contributed to this, supported by a global reputation of EU products as being safe, sustainably produced, nutritious and of high quality. This study, with more positive results than in 2016, confirms that our ambitious trade agenda helps EU farmers and food producers take full advantage of opportunities abroad while making sure we have sufficient safeguards in place for the most sensitive sectors.“ You can follow the press conference with Executive Vice-President Dombrovskis and Commissioner Wojciechowski on Ebs at 13:00. A press release and a Q&A are available online.


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