August 11, 2009
EU funds agriculture sector
The European Commission will contribute EUR27.8 million (US$39.6 million) over three years to help the EU member states promote agricultural products.
The EU's executive arm said it has approved 16 programmes in 12 member states to provide information and to promote agricultural products in the EU, including organic products, dairy products, meat, wine, fruit and vegetables, olive oil, honey and flowers.
The total budget of the programmes running between one and three years is EUR62.1 million (US$88.4 million), of which the EU will contribute EUR27.8 million (US$39.57 million).
Under EU rules adopted in 2007, the EU finances up to 50 percent of the cost of national programmes to promote agricultural products both in the EU and in third countries.
