MEMBER STATES AND THE PREFERENTIAL TRADE AND BUDGET EFFECTS OF THE 1992 CAP REFORM: A NOTE

Robert W. Ackrill, Robert C. Hine, Anthony J. Rayner and Massimo Suardi

Journal of Agricultural Economics, 1997, vol. 48, issue 1‐3, 93-100

Abstract: This paper quantifies the Preferential Trade and Budget Effects of the 1992 CAP reform on the member states of the EU. It compares these effects with the pre‐reform situation, assuming a full and instantaneous implementation of the reform. Changed methods of support and modified price support levels produce income redistribution between member states. Three countries, namely France, Ireland and the Netherlands, who are substantial beneficiaries from the CAP, suffer absolute net losses of more than ten per cent by value from the reform, with the greatest impact in per capita terms falling on Ireland. On the other hand, Spain, Greece and Portugal benefit substantially whilst Germany and the UK, the two largest contributors to the EU budget, show a marginal net gain from the reform.

Date: 1997
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