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EU confirms its first position as agri-food exporter worldwide

Xinhua, July 14, 2016 Adjust font size:

The European Union (EU) confirmed its position as the top agri-food exporter worldwide in an annual report released Thursday, in the context of some member states and sectors who still suffer from the Russian ban and low world market prices.

The report issued by the Commission said EU exports for agricultural products reached 129 billion euros (143 billion U.S. dollars) in 2015, an annual increase of 5.7 percent, securing EU's position as the first in the world for agri-food exports with a net trade surplus of 16 billion euros.

"Our trade performance continues to be a really good news story for the EU agri-food sector. Our high production standards and commitment to quality food and drink products ensure continuing global demand," said Phil Hogan, EU Commissioner for agriculture and rural development.

The report said that besides finding new markets, ties with existing partners have been strengthened, as around half of the total gain in exports came from increased trade with China.

Currently, the top five destinations for EU agri-food exports are the United States, China, Switzerland, Russia, and Japan. (1 euro = 1.11 U.S. dollars) Endit