EU: Brussels in u-turn over processed food refunds
European Union farm ministers have acted to help exporters of processed food products affected by restrictions on refunds arising out of agreements reached by the EU in the Uruguay Round of trade negotiations. The curtailment of refunds, which help offset the higher costs of European raw materials, threatened trade in a sector where 2.5 million people are employed. Ministers agreed that small exporters, with business up to the equivalent of £30,000 a year, should be exempted from the requirement to submit certificates for export refunds. Officials said the move will ensure that food processing firms obtain sufficient quantity of raw materials to plan for the future and keep running costs down.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- US food next wave on display at Winter Fancy Food
- CAGNY analysis: Danone's growth strategy
- How General Mills plans to grow - CAGNY
- Comment: Meal kits in US - don't believe the hype
- Interview: A2 Milk Co. chair firm's rapid rise
- Unilever launches operational review
- Nestle launches global sugar target
- Bonduelle to buy US produce group Ready Pac Foods
- 'City institutions behind bid for Fox's Biscuits'
- ABF sees further grocery revival