The European Commission welcomes the political agreement reached today between the European Parliament and the Council of the EU on two regulations that remove tariffs on all US industrial products and grant preferential market access to certain US agricultural and fishery products, in line with the EU’s commitments set out in the EU-US Joint Statement […]
EP approves safeguards to protect European agriculture in Mercosur agreement
On Tuesday, the plenary session approved safeguard measures to prevent harm to European farmers when implementing the trade agreement with Mercosur. Under the new regulation, approved by 483 votes in favour, 102 against and 67 abstentions and informally agreed with the Council, the tariff preferences provided for in the EU-Mercosur trade agreement for imports of […]
EU trade agreements accelerate EU export growth and support diversification
According to the fifth Annual Report on Implementation and Enforcement of EU Trade Policy published last November 3, the EU’s large network of trade agreements helps companies find alternative markets for their exports, while reducing dependencies in a challenging geopolitical environment. The report, covering 2024 and the first half of 2025, concludes that EU trade […]
EU agri-food exports increased in July 2025
The latest agri-food trade report published by the European Commission shows that EU agri-food exports increased in July 2025 compared to the previous month, reaching €20.7 billion. The EU agri-food trade surplus increased by 19% in July to €4.6 billion. EUagri-food exports reached EUR 20.7 billion in July 2025, an increase of 8% compared to […]
EP calls for addressing China’s restrictions on rare earth exports
Parliament is concerned about China’s export restrictions on key raw materials and the impact on the EU economy. On 4 April 2025, China imposed export restrictions on seven rare earth elements and magnets used in the defence, energy and automotive sectors in response to increased US tariffs on Chinese products. Under the new rules, exporters […]
EU agri-food exports keep growing steadily in the first quarter
In March 2024, the EU agri-food trade surplus reached €6.7 billion, an 8% increase from the previous month and 3% higher than March 2023. Exports increased by 4% to €20.1 billion, mainly due to increased prices for olives and olive oil. Imports remained stable, reaching €13.5 billion, but 10% lower than March 2023. These are the main findings of […]
EU expands scope of sanctions against Iran
The Council has decided to broaden the scope of the EU framework for restrictive measures in view of Iran’s military support of Russia’s war of aggression against Ukraine. This framework, adopted in July 2023, currently prohibits the export of components used in the construction and production of Unmanned Aerial Vehicles (UAVs) from the EU to Iran, and […]
Exports and imports of agri-food products increased in January 2024
In January 2024, exports reached €18.4 billion that month, partly due to increased prices of olives, olive oil, and cereal preparations. Imports were worth €13.4 billion. As a result, the EU agri-food trade surplus reached €5 billion, a 27% increase from January 2023. These are the main findings of the latest monthly agri-food trade report […]
The EU doubled its imports of green energy products by 2022
Clean energy is a fundamental part of the European Green Deal. In pursuit of this, green energy products such as wind turbines, liquid biofuels and solar panels are required. Utilising these energy products also reduces the energy import dependencies highlighted by Russia’s invasion of Ukraine. In 2022, the EU spent €28.4 billion on imports of green energy products […]