EU reinforces its leading position in global agri-food trade
Wednesday, September 8, 2021
2020 marked another improvement in the EU's leading position among the world's biggest exporters of agri-food products. On the import side, the EU has become the third largest importer after the United States and China, according to a report published today. 2020 was an exceptionally challenging, yet successful year for EU agri-food trade, which reached a total value of €306 billion: €184 billion in exports and €122 billion in imports. Both values represent a slight growth of 1.4% and 0.5% respectively, compared to 2019. International trade has played a crucial role in mitigating the devastating economic impact of the COVID-19 pandemic and proved to be a central tool in enhancing resilience. The EU is the largest trading bloc and a wide-ranging network of free trade agreements (FTAs) underpins its position in world trade.Click here to connect to the source of this storyClick here for more News and Views
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