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Agricultural trade relations between ASEAN and the EU

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Agricultural trade relations between ASEAN and the EU

The objective of this study is to examine and explain the recent pattern, composition, and trends in ASEAN-EU agricultural trade relations. Furthermore, the study attempts to investigate the major trade policies and practices influencing the agricultural trade flows between the two regions. Two-way agricultural trade between ASEAN and the EU was worth ECU 7.2 billion (USD 9 billion) in 1996. Trade with the EU accounts for 14% of the total ASEAN agricultural trade. On the EU side, trade with ASEAN accounts for 6.5% of its total agricultural trade. During the six-year period between 1990 and 1996, ASEAN agricultural exports to the EU rose from ECU 4.3 billion to ECU 5.5 billion (about USD 7 billion), showing an average annual growth rate of 3.9%. ASEAN agricultural imports from the EU rose from ECU 0.9 billion to ECU 1.7 billion (about USD 2.2 billion) over this time period. The trend rate of growth per year was 11.0%. Major agricultural exports from ASEAN to the EU in order of export value include vegetable oils, natural rubber, fish and crustaceans, and vegetables and fruits. On the other hand, the top four commodity groups imported to ASEAN from the EU are alcoholic beverages, dairy products, meat and meat preparations, and cereals. The EU protection against agricultural imports from ASEAN countries has

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