The Common Agricultural Policy Role in Addressing External Shocks - The Case of Russian Import Ban

Andreea Dragoi and Cristina Bâlgăr ()
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Cristina Bâlgăr: PhD. (c), Center for European Studies, Institute for World Economy, Romanian Academy, Calea 13 September, No. 13, Bucharest, ROMANIA

Global Economic Observer, 2015, vol. 3, issue 1, 108-117

Abstract: The Common Agricultural Policy (CAP) is one of the oldest and most controversial common policies and it is financed directly from the European Union budget. Some critics of CAP argue that especially in the context of the challenges brought by the international crisis, this policy represents a “burden” for the European budget. Our research aims to responds those critics by showing that CAP may represent an important tool for addressing the external shocks impact on agricultural sector of EU. In this view, we will highlight the role of CAP in sustaining the European farmer during the crisis generated by the Russian import ban, adopted as a response to the sanctions imposed by EU to the Russian Federation in the context of Ukrainian crisis. Using a quantitative and qualitative analysis we will assess how the CAP has supported the European agricultural sector and also the future measures that could be adopted to create a more flexible response in the case of other external shocks.

Keywords: Common Agricultural Policy; Ukrainian crisis; Russian import ban. (search for similar items in EconPapers)
JEL-codes: H12 Q Q1 Q11 Q13 Q17 (search for similar items in EconPapers)
Date: 2015-05
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol3-iss1-15-108

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