21 Mar 2016
EUROPEAN COMMISISON DAILY NEWS – 21 MARCHBrussels Daily
Trade balance remains positive for EU Agri-food products
EU agri-food exports rose slightly in January 2016 relative to January 2015 to €9.3 billion, according to the latest monthly statistical report. The figures show that the EU was a net exporter in January – which is not always the case – taking the net agri-food trade surplus for February 2015 to January 2016 to around €16 billion. Highest increases in monthly export values were recorded for USA, China and some North African and Middle East countries, including Iran. The highest increases in monthly export values were achieved for pork and vegetables. On the other hand, agri-food imports to the EU decreased slightly in January 2016 to €9.2 billion from €9.3 billion in January 2015. This month’s report takes a closer look at the olive oil sector and the significant rise in the value of EU exports in recent years. The EU’s trade balance for olive oil is largely positive with exports in 2015 worth almost €2.3 billion – an increase of 6.6% on 2014 despite a 42% drop in the 2014/15 harvest. It is the sixth successive year that the EU olive oil sector has seen a marked increase in the value of exports. The main client for EU exports is the USA, followed by Japan, Brazil and China. Global demand for olive oil is continuously growing. EU olive oil prices were also exceptionally high in 2015.
The Commission publishes further TTIP documents in ongoing transparency commitment
The European Commission today publishes further documents from the ongoing negotiations on a Transatlantic Trade and Investment Partnership (TTIP), in line with its commitment to enhanced transparency in the ongoing trade negotiations with the United States. The documents made public today include the recent EU proposal on regulatory cooperation which the Commission submitted to the United States during the last round of talks in February. Regulatory cooperation is an innovative part and a key pillar of TTIP. Regulatory cooperation with the United States has been on the agenda for many years and has produced good results in areas of common interest (e.g. ranging from aviation and marine safety to organic labels, electric cars and smart grids). Explanatory documents about this key aspect of the talks are available online. Other published documents include EU proposals on trade in goods, agriculture and Customs and Trade Facilitation.