Review of ACP-EU trade
Eurostat has produced a six page review of EU trade with ACP countries the headline points of which are: the decline in the ACP's share in the EU market (from 7% in 1976 to 4% in 2000); the high concentration of ACP exports to the EU. Imports from four countries account for 49.8% of EU imports from the ACP while ten account for 66.9%); the dependence (43.5%) of ACP exports on three commodities (oil, gold and diamonds); the overwhelming effect movements in the oil price have on the trend in total ACP exports to the EU; the ACP's share of the EU market in these basic commodities remains constant, despite price fluctuations; the ACP countries have a declining market share in certain basic agricultural commodities (coffee and tea); the ACP countries have increased exports and gained market share in the categories of edible fruit and nuts (HS 08) and seafood (HS 03). Comment: Although this is not made explicit in the text, it is clear that ACP countries have gained market share in the EU in those areas where high margins of preference are still enjoyed. Growth in these areas since 1995 has been high, 140% and 117% respectively for edible fruit and nuts and seafood. However these strong positive developments in those ACP countries that have been able to effectively exploit ACP trade preferences are generally swamped by the price trends in the dominant commodities (oil, gold and diamonds) and those traditional commodities where the ACP is losing market share (coffee and tea).
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| Format: | News Item biblioteca |
| Language: | English |
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Technical Centre for Agricultural and Rural Cooperation
2002
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| Online Access: | https://hdl.handle.net/10568/52747 http://agritrade.cta.int/Back-issues/Agriculture-monthly-news-update/2002/June-2002 |
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