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EU Trade Deal with Peru, Columbia to Benefit Dairy

10 April 2012

EU - EU trade ministers have supported a free trade deal with Columbia and Peru, which has potential benefits for dairy exporters.

Once approved by the European Parliament, the deal would remove custom duties and enhance market access for many agricultural products which were previously highly taxed, including dairy.

The agreement, once in force, would allow up to 500 tonnes of dairy products to enter the Columbian market duty free each year. This represents an increase of around 10 per cent. Tariffs for butter and fresh cheeses however will not see any reductions.

EU exports of dairy products to the two countries totalled 66,500 tonnes in 2011 worth approximately €14.7m, representing two per cent and 1.6 per cent of total dairy export volumes value respectively.

TheCattleSite News Desk


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