News in brief:
-Â Bulgaria wants to address its heavy reliance on fruits and vegetables imports by unveiling plans for a new trade regulatory law, aiming to revive the domestic agricultural sector.
– It is eyeing comprehensive regulations covering the entire food chain, and proposing a two-pronged approach involving increased domestic production and regulated imports.
Bulgaria is taking decisive action to revive its domestic agricultural sector, a move necessitated by an alarming 80% reliance on imported fruits and vegetables.
Agriculture Minister Kiril Vatev unveiled plans for a new trade regulatory law after concerns about dwindling local production and mounting farmer protests.
Vatev stated that the lack of clear rules governing agricultural products and food trade hindered the countryâs competitiveness. He emphasised the need for comprehensive regulations spanning the entire food chain, from farm to table.
Despite boasting fertile land and optimal climatic conditions, Bulgaria finds itself heavily reliant on imports. These imports are often dominated by neighboring Turkey and Greece. This has sparked frustration among local farmers, who feel disadvantaged by an uneven playing field.
Subsequently, the government is proposing a two-pronged approach which includes bolstering domestic production and regulating imports.
Furthermore, on the production side, Bulgaria is seeking the European Union’s approval for changes to its Strategic Plan. It wants to double annual subsidies for young farmers and create dedicated funds for new entrants to the agricultural sector. Its decisions aligns with a broader European effort to encourage generational renewal in farming.
However, the plan also entails a controversial element: a reduction in the biodiversity budget. This cut would be offset by increased funding to assist farmers in transitioning away from pesticide use in a bid to contribute to a more sustainable agricultural model.
The success of Bulgaria’s agricultural revival plan hinges on effective implementation and navigating potential roadblocks. For example, the EU’s approval of the revised Strategic Plan is not certain and the country has to ensure fair application of the new trade regulations.
