NAK joins campaign against EU's South American FTA

Trade

The Hungarian Agriculture Chamber (NAK) is joining a campaign by COPA-COGECA, Europe's biggest interest group for farmers, against a free trade agreement the European Union has negotiated with South American trade bloc Mercosur, according to business daily Világgazdaság.

NAK told Hungarian news agency MTI that the trade agreement, in its present form, could bring a flood of food products of unknown origin into Europe and put already vulnerable European farmers at a disadvantage.

NAK said the agreement would clear the way for the import of sugar and ethanol produced in factories that don't meet European standards. It added that Brazilian farmers use 27 insecticides and pesticides that are banned in Europe. Talks on ratification of the EU-Mercosur trade deal were re-started after Portugal took over the rotating presidency of the Council of the EU on January 1.

MOL Shareholders Approve Dividend of Around HUF 250/Share Figures

MOL Shareholders Approve Dividend of Around HUF 250/Share

Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo... Government

Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...

Hungary's Largest ESG Consultancy Formed by Merger of EY, De... Deals

Hungary's Largest ESG Consultancy Formed by Merger of EY, De...

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails Drinks

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.