The Reformed CAP and the Industrial World

Tim Josling

European Review of Agricultural Economics, 1994, vol. 21, issue 3-4, 513-27

Abstract: CAP reform has important implications for relations with countries outside the Community. As a result of reform, the EC has found it possible to negotiate new rules on agricultural trade in the Uruguay Round of GATT negotiations. The MacSharry compensation payments are sufficiently decoupled to fit into an "allowable" category of domestic policies, protected from challenge by trade partners. Tying compensation payments to hectares used, rather than output, should decrease yields. Breaking the link between farm output and income support brings the Community into line with a number of other countries. Moreover, it gives the flexibility to the Community to incorporate as new members the EFTA countries with their highly protected agricultural sectors, and to open up trade with the Central and Eastern European countries. Together with the conversion of variable levies to tariffs, it recouples EC agriculture with developments on world markets. Copyright 1994 by Oxford University Press.

Date: 1994
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European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo

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