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The EU is plagued by a highly regulated system that has hindered its ability to react to the supply shortfalls seen over the last few years.
EU farmers are expecting a sizeable grain crop of 292 million metric tons in marketing year 2013/14.
The EU is highly dependent on imports of oilseeds and oilseeds products (protein meals and vegetable oils) to meet demand for food, feed and industrial uses, including biofuels production.
The EU is the world’s leader in wine production, while the U.S. remains the leading export market for the EU.
Growing demand for pet food is creating new opportunities for U.S exporters in both established and emerging markets worldwide.
The ability of U.S. agricultural and food exporters to penetrate the growing EU market is constrained by tariff and non-tariff trade barriers and increased global competition.
While trade in chocolate confectionery remains small relative to overall demand, U.S. exporters are finding opportunities in both developed and emerging markets around the globe.