Feb. 15 (Bloomberg) -- The European Union and the U.S. agreed to recognize each other’s organic certification, meaning certified organic products can be sold as such in either region, the European Commission said.
The organic-product market in the U.S. and the EU is estimated to be worth about 40 billion euros a year, the commission wrote in an e-mailed statement today.
“This partnership between the two largest organic producers in the world will establish a strong foundation from which to promote organic agriculture,” the commission wrote.
EU Agriculture Commissioner Dacian Ciolos, U.S. Deputy Agriculture Secretary Kathleen Merrigan and U.S. Trade Representative Chief Agricultural Negotiator Isi Siddiqui signed the partnership agreement today at an organics trade show in Nuremberg, Germany, according to the statement.
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