The economic accounts for agriculture show that total agricultural output in the European Union (EU) stood at €432.6 billion in basic prices in 2017, up by 6.2% compared with 2016. In 2017, the equivalent of 56% (or €244.1 bn) of the value of agricultural output generated was spent on intermediate consumption (input goods and services), while gross value added (i.e. the value of output minus the value of intermediate consumption) was the equivalent of 44% (or €188.5 bn). The combination of the sharp increase in the value of agricultural output and a limited increase in intermediate consumption (+1.8%) resulted in a steep rise in the gross value added (+12.4%) generated by the EU agricultural industry in 2017 compared with 2016. More information here
EU and China step up their cooperation on sustainable development
During a visit to China, European Commissioner for International Cooperation and Development, Neven Mimica, reconfirmed the EU’s interest to work with China on sustainable development and connectivity.
In a meeting between Commissioner Mimica and the Chairman of the newly-established China International Development Cooperation Agency (CIDCA) Wang Xiaotao, both sides agreed to seek synergies and concrete areas of cooperation to enhance EU–China development cooperation. The meeting confirmed both parties’ commitment to jointly promote sustainable development, as outlined at the 20th EU-China Summit in July 2018, and as reconfirmed by European Commission President Jean-Claude Juncker and Chinese Premier Li Keqiang at the ASEM (Asia-Europe Meeting) Summit in Brussels in October 2018. More informaiton here