News Q&A: EU fertiliser import duty costs its farmers €920m
A complete removal of all import duties on fertiliser in the EU would create more than 17,245 jobs, according to the Washington-based International Food Policy Research Institute (IFPRI), in its report commissioned by IFA.
There would also be a big gain in financial terms, because losses for the fertiliser industry (€123 million) and a €315m reduction in EU public revenues, if duties were removed, would be exceeded by €920m of gains for the agricultural sector, resulting in a beneficial net gain for the EU of €481m.
