![]() ![]() In this second aspect, the Commission acknowledges that supply side, demand side and market-specific, socalled “bilateral”, factors can have as much or more effect than the FTA itself. Secondly, growth in exports under the FTAs (apart from Switzerland) seems in large part to be in product lines that were already successful EU exports, rather than benefitting other product lines or sectors that were liberalized under the FTA.That is, in simple tariff numbers, these do not seem to be favorable FTAs for the EU. In fact, trade-weighted tariffs for EU exports have not reduced line with the tradeweighted tariffs on EU imports. considering tariff reductions weighted for volume of imports and exports) is not so clear. First, the trade weighted picture (i.e.However, whilst that overall result is in line with the EU’s support for FTAs, the third key point is that there are limits to the effectiveness of FTAs in the broader economic, political and legal context.Įven in the comparatively simple area of tariff reduction, whilst the general picture is that the EU’s FTAs have led to significant tariff reductions on a large percentage of product lines, two points stand out The FTAs impacted mostly in the areas one would expect – tariff concessions rules of origin regulatory harmonization import procedures and dispute resolution. The Commission estimates that these three FTAs alone have increased EU agri-food exports by more than €1 billion and supported at least 20,000 jobs in the agri food sector and around 8,000 jobs in related activities. The second message is that the FTAs have had a strong, positive effect on the EU’s economy. ![]() And South Korea as one of the most ambitious and far-ranging EU FTAs. Switzerland as the largest, neighboring trading partner for food and agri products. Mexico as one of the earlier, more basic FTAs focusing on tariff and quota reduction. The Commission therefore expects to continue its support for FTAs.Īgainst that background, whilst the report considers agri-trade broadly, it focuses on three, specific EU FTAs with Mexico (2000), Switzerland (20) and South Korea (2011). In the next decade, the European Commission estimates that 90 per cent of additional food demand will be generated outside of the EU. This export performance has been driven by agricultural policies, technological advances and EU trade policies. That the EU is the single largest exporter of agri-food products, with exports reaching €129 billion in 2015. The first is that the Commission reiterates its strong pro-trade policy which is underpinned by the following economic reality. This article discusses some of the key principles. Together with a detailed review of some of the EU’s main free trade agreements (FTAs), the report aims to aid the debate on the pros and cons of trade liberalization. The EU has recently published a detailed review on the “Impacts of EU trade agreements on the agricultural sector.” The paper is published, in the Commission’s own words, against a background of rising protectionism within the EU and its main trading partners. ![]()
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