A string of trade deficits by European food and drink producers was reversed in 2005 thanks to a rise of 5.2% in exports – the best performance since 2000, says the EU Confederation of Food and Drink Industries (CIAA).
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In its annual report CIAA says the US was the biggest customer for European food taking 22% of the EUR47.6bnn(US$7.62bn) of exports but Russia overtook Japan to become number two. Sales to China rose by 24% to EUR800m. The CIAA says that exports have risen further by 14% in the first four months of 2006.
