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Coalition of Trade Ministers on Climate: promoting climate-focused trade policy
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Executive Vice-President and Commissioner for Trade Valdis Dombrovskis, together with 60 partner countries, put forward several actions to advance on the priorities of the Coalition of Trade Ministers on Climate, among others to encourage the private sector to participate in sustainable, transparent and resilient supply chains.
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Climate change abroad also affects the national economies
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The German Environment Agency has completed a first-ever study of the climate risks for international trade relations. The study claims that the risks of climate change occurring abroad affect Germany's economy to at least the same extent as it does foreign economies. Six per cent (55 billion euros) of Germany’s imports and four per cent of its exports are tied to twelve countries or regions which are considered particularly vulnerable to climate change.
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EEA briefing: Climate change adaptation is key to avoid disruption of EU agricultural commodities imports
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Climate change is projected to affect agriculture in Europe, altering growing conditions, production patterns and yields, with impacts on prices, trade and regional markets, according to the European Environment Agency (EEA) briefing: 'Global climate change impacts and the supply of agricultural commodities to Europe’. Stepping up European Union support for international adaptation, together with trade diversification are key actions the EU can take to lessen the impacts of climate change on agricultural trade.
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