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Economic study on 'the cumulative effects of trade agreements on the EU agricultural sector'

On the 25th of January 2021, Commissioner Wojciechowski presented the results of the study on the expected economic effects of ongoing/upcoming trade negotiations on the EU agricultural sector, at the Agricultural Council meeting. The study focuses on 12 trade agreements. Some have already entered into force (Canada, Japan and Vietnam), some have their negotiations already concluded (Mexico and Mercosur), some are under negotiation or are part of the EU trade agenda (Chile, Australia, New Zealand, Indonesia, Malaysia, Philippines and Thailand).

The EU scientific study shows that EU trade agreements are set to have an overall positive impact on the EU economy and the agri-food sector. Furthermore the study finds that the cumulated implementation of the 12 FTAs would result in a balanced increase in both EU agri-food exports and imports, with a slightly higher increase in exports.