Finding a new home for milk

Published 21 July 15

The end of milk quotas and potential growth in EU milk production is expected to increase dependence on export markets, placing greater importance on trade agreements. The EU is in the process of negotiating several trade agreements although the Transatlantic Trade and Investment Partnership (TTIP), a two-way trade agreement between the EU and the United States (US), is probably the most important. This is estimated to have the potential to add around €120 billion per year to the EU economy, including a 9% increase in exports of processed foods. The main emphasis of negotiations in the TTIP is to standardise rules and regulations between the two regions to make exporting easier. For agriculture, the main challenges to negotiations are with Europe’s use of Geographical Indicators (GI) and the use of hormones and GMOs in the US.