EUROPEAN COMMISSION DAILY NEWS – 04 JANUARY

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EUROPEAN COMMISSION DAILY NEWS - 04 JANUARY
04 Jan 2016

EUROPEAN COMMISSION DAILY NEWS – 04 JANUARY

Brussels Daily

MAIN NEWS

Agriculture: Commission opens Private Storage Aid for pigmeat to stabilise the EU market

New rules opening Private Storage Aid in the pigmeat sector have entered into force today 4 January. Aimed at easing pressure on the EU market, which is still struggling from the Russian ban on imports from February 2014, this measure provides EU funding to help cover the costs of storing certain pigmeat products for periods of 3 to 5 months. Announced by EU Agriculture Commissioner, Phil Hogan, in September last year as part of the €500 million support package for farmers, this measure will also include lard – not previously covered by Private Storage Aid – because of the large volumes previously exported to Russia. Commissioner Phil Hogan stated today: “I am aware that the pigmeat sector is facing difficulties and prices have been in decline since September, and so I hope this measure will help the market.” Aid for private storage is a market measure within the frame of the CMO Regulation 1308/2013 that compensates part of the storage cost for a certain period. Member States will notify twice a week the quantities submitted into storage. Regular updates of the pigmeat markets are available online.

 

The trade part of the EU-Ukraine Association Agreement became operational on 1 January 2016

On 1 January 2016, the EU and Ukraine started applying the Deep and Comprehensive Free Trade Area (DCFTA) which forms part of the Association Agreement signed in June 2014. The application of the DCFTA of the EU-Ukraine Association Agreement constitutes a milestone in the bilateral relationship, as it will offer new economic benefits to both sides. On this occasion, EU Trade Commissioner Cecilia Malmström said: “The entry into force of this trade area on 1 January 2016 creates unique opportunities for Ukraine to stabilise, diversify and develop its economy to the benefit of all its citizens. Assistance from the EU will be made available to help Ukrainian SMEs seize these new opportunities, to grow, and thereby create jobs. EU businesses will benefit as well by gaining improved access to a market of 45 million people.” Commissioner Hahn added: ”With the DCFTA new opportunities are opening up for Ukraine in the EU and beyond, since European standards are often international standards. We want to see Ukraine succeed and make use of the full potential of the DCFTA.” As a consequence of this agreement, Ukrainian businesses receive stable and predictable preferential access to the largest market in the world with 500 million customers, while EU businesses will be able to benefit from easier access to the Ukrainian market and build new relationships with Ukrainian suppliers and cooperation partners. The full press release on the application of the DCFTA is available online.

OTHER NEWS

  • Single Resolution Mechanism came into effect on 1 January 2016

 

NEWS IN FULL

MONDAY Daily News 04- 01 – 2016

 

 

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