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President Juncker got it wrong on retail

President Juncker got it wrong on retail

President Juncker got it wrong on retail

EuroCommerce was surprised and disappointed by President Juncker’s comments on retailers in the text of an otherwise thoughtful State-of-the-Union address to the European Parliament yesterday.

The President’s comments on the "need to break some retail oligopolies" in the context of the present agriculture crisis are at odds both with the reality of the crisis and the findings of a comprehensive study conducted by the Commission’s Competition directorate, which concluded that the retail market across Europe was characterised by fierce competition.

The current agriculture crisis is mainly the result of surplus production arising from global market developments, including the Russian embargo and a drop in Chinese consumption, and the lifting of milk quotas and stagnating consumption in Europe. Over the summer, retailers have shown solidarity through concrete action and dialogue with farmers and suppliers. They have provided immediate help to boost their income and worked to develop long-term solutions. These long-term actions, which retailers advocate and support, include more efficient organisation of markets, financial instruments to protect farmers from price volatility, value-added production on the farm, and export promotion. These will help to avoid or mitigate the effects of this sort of crisis in the future. Retailers and farmers have a shared interest in strong, innovative, and competitive agriculture in Europe. So do European consumers.

 

contact:

Manager for Communications

Tel: +32 2 737 05 89

quain@eurocommerce.eu

 

Neil McMillan

Director Advocacy and Political Affairs

Tel : +32 2 737 05 99

mcmillan@eurocommerce.eu

EuroCommerce and the commerce sector

 

EuroCommerce is the principal organisation representing the retail and wholesale sector. It embraces 5.4 million companies, both leading multinational retailers such as Carrefour, IKEA, Tesco and REWE and many small family operations. Retail and wholesale provide a link between producers and 500 million European consumers over a billion times a day. It generates 1 in 7 jobs, providing a varied career for 29 million Europeans, many of them young people. It also supports millions of further jobs throughout the supply chain, from small local suppliers to international businesses.

http://www.eurocommerce.eu