Improving trade in processed agricultural goods

EU News 108/2014

Brussels, 11 March 2014
IP/14/240

The European Commission welcomes today's European Parliament vote on its proposal to update the trade regime for processed agricultural products (PAPs). PAPs are goods obtained through the processing of basic agricultural products, such as confectionaries, chocolates, pastas, bakeries, biscuits, spirits, soft drinks, etc. The EU is the world’s biggest exporter of processed agricultural products, with total value of €41.7 billion in exports. The new regulation will facilitate the trade of PAPS between the EU and non-EU countries. Its aim is to update the legal framework for the implementation of EU preferential trade agreements concluded with non-EU countries. It also provides for export refunds to be granted to some PAPs when market disturbances occur (for example a collapse in world agricultural product prices as a result of an abundant harvest).

Source and additional information:
http://europa.eu/rapid/press-release_IP-14-240_en.htm?locale=en

File Photo: Hearing of the the Commissioner-designate Antonio Tajani at the European Parliament, 16 June 2008@European Parliament / Pietro Naj-Oleari (C) EU, 2008 URL

• Tweet