Budgetary Constraints and International Realities in the CAP

Gerrit Meester

European Review of Agricultural Economics, 1987, vol. 14, issue 1, 37-47

Abstract: The shift from net importer to net exporter marks a radical change in the economic environment within which the CAP operates. The proposed price reductions and co-responsibility levies may contribute to the solution of budgetary problems but have little to offer with respect to the solution of international trade conflicts and the improvement of the Community's terms of trade. Supply control measures, which are rejected by the Commission, will have the combined effect of alleviating the budgetary burden and of reducing the unfavorable trade effects for third-world countries and for the Community itself. Copyright 1987 by Oxford University Press.

Date: 1987
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