The meat sector is one of the most important in European Union agriculture. The European livestock sector is expected to benefit from world population and income growth, contributing to higher EU exports. More specifically, the EU meat market will be supported by higher global demand over the period to 2030. This in turn should lead to higher exports, from 4.35mt in 2017 to 4.7mt in 2030.
Regarding the EU-Japan Economic Partnership Agreement, Japan will phase out under the EPA its ad valorem duties for fresh, chilled and frozen pork cuts, and significantly reduce the level of the gate price and thus the specific duties which are applied in case of a non-respect of the gate price. Concerning beef meat, the EU could become a more important player in this sector as lower EPA tariffs (from 38.9% to 9% over 15 years) could boost exports. As regards poultry meat: base rate tariffs between 7.7% and 10.8% will be phased out after periods between 5 and 10 years.
The complete text of the EPA, and Annexes, incorporating the Articles on meat, can be found on the following website of the European Commission: http://trade.ec.europa.eu/doclib/press/index.cfm?id=1684
A factsheet has been published on this topic. Please click here to get access.
In addition, webinars were organised on this topic:
How does the EU-Japan EPA impact the various segments of the finance industry?The financial industry consists of a broad taxonomy of diverse market actors, large and small. While the industry consists
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