US cotton will benefit from the US/EU Organic Trade Agreement
On the 15th of February this year, after the United States and the European Union agreed to mutually recognize a series of organic product certifications including cotton, the two sides signed a so-called historic partnership agreement. This agreement has been in effect since June this year. Effective today, according to the agreement, organic products produced and certified in the United States and the European Union can be sold within the borders of both parties. This new measure will eliminate the double costs, inspections and documentation that companies and producers currently have to bear.
Dacian Ciolos, member of the European Commission responsible for agriculture and rural development, said that this agreement has two important significances. On the one hand, in terms of the markets of both parties, organic farmers and food producers will benefit from easier access to the market. The procedures are simpler and the cost is lower, which means the competitiveness is increased. On the other hand, it also increases the transparency of organic product standards and improves consumer confidence and awareness of organic foods and products.
Kathleen Merrigan, deputy secretary of the U.S. Department of Agriculture, also expressed her hope that this partnership agreement will open up new market opportunities for organic companies and farmers on both sides of the Atlantic. The United States and the European Union are the two largest producers of organic products in the world, with a combined real estate value of approximately 40 billion euros ($52 billion).
According to the new provisions of the agreement, the export license of all related products must list the place of production, the certification unit of organic products, provide evidence that prohibited substances and their detection methods are not used, confirm compliance with all provisions of the agreement, and allow export products to be tracked . The General Directorate for Agriculture and Rural Development under the European Commission and the National Organic Program (National Organic Program) under the United States Department of Agriculture (USDA), which is responsible for the supervision of organic products in the United States, will jointly serve as the main supervisors.
According to the latest data, the global organic cotton market grew by 20% in 2010, amounting to US$5.61 billion. In addition, according to the forecast of TextileExchange, a global non-profit organic cotton trading and promotion organization, the world organic cotton market will grow in 2011. reached US$6.2 billion and will reach US$7.4 billion in 2012.
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