EU and US join forces to ensure food security and access to fertilizers | food news

The war in Ukraine has curbed global access to staple crops and fertilizers and pushed up commodity prices.

For Bloomberg

The European Union and the US plan to launch a new platform to address the security of food and agricultural supplies, as the war in Ukraine curbs global access to staple crops and fertilizers from the region.

With many countries facing food security issues, “there is clearly a need to better align approaches to support these countries, as the EU and US are major players and international donors,” said Valdis Dombrovskis, head of trade of the EU, on a Friday. interview.

The two countries will also seek supply chain diversification, particularly for fertilizers. Since both Russia and Belarus are big exporters, “there are clearly disruptions and we need to see how we are diversifying supply,” Dombrovskis said.

The new cooperation will be part of the Trade and Technology Council established by both allies to strengthen their economic ties. Senior officials will meet in Paris on Sunday and Monday to deepen their cooperation in fields including export controls, semiconductors and procurement.

US Secretary of State Antony Blinken, Secretary of Commerce Gina Raimondo, and Trade Representative Katherine Tai plan to attend from the US side. Dombrovskis, Margrethe Vestager, the EU’s head of digital affairs, as well as the head of internal markets, Thierry Breton, will represent the EU.

Although the EU is not facing a major food security crisis, Dombrovskis said, “we are facing food affordability issues” that could be addressed in the new platform.

As part of the new forum, the European Commission also wants to address the proliferation of export restrictions to ensure there are enough agri-food products, especially for developing countries. But neither side is expected to discuss the billions of euros they each provide to their farmers to support production on their territory.

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