Sector News

EU finalises Norway agri talks

April 10, 2017
Food & Drink

The European Union has announced that it has come to an agreement with Norway that will facilitate bilateral trade in agricultural products, a move the bloc said would allow EU exporters to reinforce their position on their eighth largest market for agricultural products.

“I welcome this agreement, which will facilitate trade between the EU and Norway,” said commissioner for agriculture Phil Hogan. “It will provide more market opportunities for our EU producers and contribute to the continuation of our EU agri-food export success. The EU is the number one agri-food exporter in the world with €130bn of exports in 2016.”

The agreement was reached following two years of negotiations, and will grant mutual duty-free access for 36 tariff lines, including for example, various types of live plants, corn for feed, various berries and fermented beverages such as perry and cider.

With regards to products such as meat, dairy, grains, vegetables and ornamental plants, the EU and Norway will grant each other tariff quotas.

The draft agreements will now be forwarded to the relevant authorities in the EU and Norway, for scrutiny and formal adoption before their final entry into force.

The exports of EU agricultural products to Norway have been steadily growing over the last decade and almost doubled during this period to €2.5bn. Norway is a net importer of agricultural products and the agricultural trade balance is in favour of the EU.

Source: Fruitnet

Related News

March 6, 2021

Animal-free bioengineering: E. coli modified for fast chondroitin sulfate manufacturing

Food & Drink

US scientists have reprogrammed E. coli to produce chondroitin sulfate, a polysaccharide molecule used in pharmaceuticals and nutraceuticals.

March 6, 2021

Flow names former Nestlé Waters leader as CEO

Food & Drink

Flow Alkaline Spring Water has announced the appointment of former Nestlé Waters head, Maurizio Patarnello, to the role of CEO.

March 6, 2021

Danone’s Faber to relinquish CEO role following investor pressure

Food & Drink

Danone has announced that Emmanuel Faber will be stepping down as CEO to focus on his role as non-executive chairman, following pressure to split the functions from investors.

Send this to a friend