18 Jan 2017
EUROPEAN COMMISSION DAILY NEWS – 18 JANUARYBrussels Daily
EU agri-food exports
The monthly value of EU agri-food exports in November 2016 reached a new record level of €11.7 billion, which is € 813 million higher than in November 2015. Considering a slight decrease in agri-food imports from third countries, the EU now has a trade surplus in agri-food products at €19 billion over 12 months. Major gains in values over the 12-months period from December 2015 to November 2016 were achieved in agri-food exports to the USA (€ + 1.5 billion; +8%) and China (€ +1.1 billion; +11%). The pig meat sector is also confirming its recovery after testing times last year. Indeed, the highest increase in export value over the last 12 months was recorded for pork: €+1.3 billion which represents +34% compared to export values in the 12-months period one year ago. This month’s report focuses on EU agri-food trade with Ecuador at the occasion of the provisional entry into force of the Protocol of Accession of Ecuador to the EU Trade Agreement with Colombia and Peru in January 2017. The EU is the third largest trading partner for the Andean countries. The full report is online.
EU and US publish TTIP state of play assessment
Trade Commissioner Cecilia Malmström and United States Trade Representative Michael Froman have published a joint assessment of the progress made in the negotiations for a Transatlantic Trade and Investment Partnership (TTIP) since negotiations started in July 2013. The joint EU-US report outlines both the common ground reached as well as the areas where more work is needed. Commissioner Malmström said: “As discussed with Member States at the last Trade Council in November, this assessment aims to outline and summarize where things stand in the EU-US trade talks, building on our established policy of increased transparency in these negotiations. The EU has left no stone unturned in trying to achieve a balanced, ambitious and high-standard TTIP agreement with clear benefits for citizens, local communities and companies. We have made considerable, tangible progress, as this summary demonstrates. I look forward to engaging with the incoming US administration on the future of transatlantic trade relations.” A press release is available online.
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