14 Jul 2016
EUROPEAN COMMISSION DAILY NEWS – 14 JULYBrussels Daily
Annual Agri-food trade report 2015: EU first exporter worldwide
The European Commission today published the Agri-food trade in 2015 report, which shows EU exports for agricultural products reached €129 billion in 2015. This means an annual increase of 5.7%, securing the EU’s position as first world agri-food exporter with a net trade surplus of €16 billion. The entire output of the European Union’s agricultural sector was valued at €410 billion in 2015. Agriculture and the food and drink industry together employ millions of people, accounting for 7.5 % of employment and 3.7 % of total value added in the EU, according to the annual report. Although some Member States and sectors still suffered from the Russian ban and from low world market prices, the overall EU agricultural trade performance was positive in 2015. EU Commissioner for Agriculture and Rural Development Phil Hogan commented on the report: “Our trade performance continues to be a real good news story for the EU agri-food sector. Our high production standards and commitment to quality food and drink products ensure continuing global demand. In the coming months, I hope to see further export growth for Europe’s farmers and agri-food businesses, and the Commission will support them every step of the way.” A press release on the annual report and the monthly agri-food trade report for May are now available online.
Commission publishes further TTIP documents in ongoing transparency commitment
The European Commission is today publishing a record number of EU proposals from the ongoing 14th round of talks for a trade agreement with the United States, taking place in Brussels this week. As part of its drive for a more transparent trade and investment policy, the Commission is making these proposals public only days after submitting them to our negotiating partners. The nine proposals published today are intended to simplify technical regulations without lowering standards, and to set global rules of trade. Specifically, the published texts represent the EU’s negotiating position on regulatory cooperation in the sectors of cosmetics, medical devices, cars, chemicals and textiles. Also published today is a new article on climate protection as a part of the chapter on sustainable development, as well as separate chapters on energy and raw materials,market access for financial services, and on institutional cooperation within TTIP. The proposal for regulatory cooperation in the engineering sector will follow. The published texts show that the Commission is delivering on the goal established at the beginning of the year – to have almost all proposals for chapters of TTIP on the table and consolidate as many texts as possible by the summer break. Yesterday, the Commission organised a series of stakeholder events at the fringes of the negotiations, where interested stakeholders were briefed on the status of the negotiations and exchanged views with the chief EU and US negotiators. Tomorrow at 15:00 in Brussels there will be a press conference with the two chief negotiators on the 14th round of TTIP negotiations, which will also be broadcast live on Europe by Satellite. Photos of the negotiation round are also available.
Quarterly Report on the Euro Area published today
The European Commission’s Directorate-General for Economic and Financial Affairs today publishes its Quarterly Report on the Euro Area (QREA), featuring in-depth technical analyses of economic issues affecting the euro area. In this edition, staff economists look at the role of cross-border risk sharing, both through financial and labour market incomes generated across borders and through cross-border fiscal transfers, in mitigating asymmetric shocks, and compare the situation in the euro area to that of the United States. Other sections examine the mechanisms through which financial systems affect the real economy and confidence spill overs in the euro area. QREA Vol.15 No.2 will be published today at 15.00.