| Author (Corporate) | European Commission: Press and Communication Service |
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| Series Title | Press Release |
| Series Details | IP/03/1113 (24.7.03) |
| Publication Date | 24/07/2003 |
| Content Type | News |
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An independent study prepared by the French institute of research INRA (Institut National pour la Recherche Agricole) for the European Commission shows the EU is one of the worlds most open market to imports of farm products from third countries and especially from developing countries. Taking into account trade preferences given to developing countries, the average customs duty actually applied by the EU to farm imports is 10.5 %, a figure three times lower than frequently mentioned data. As a result of this low level of protection, the EU is by far the world's number one importer of agricultural products, and the main importer of farm products from developing countries as well as from Least Developed countries. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/03/1113&format=HTML&rapid=0&language=EN&guiLanguage=en |
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| Subject Categories | Business and Industry, Trade |
| Countries / Regions | Europe |
