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.
Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.
Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.
The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.