2003 EU CAP reforms: A step forward on a long journey
Date
2003
Authors
Jotzo, Frank
Roberts, Ivan
Andrews, Neil
Warr, Suthida
Journal Title
Journal ISSN
Volume Title
Publisher
Australian Bureau of Agricultural and Resource Economics
Abstract
Reforms to the European Union's Common Agricultural Policy (CAP) agreed recently will alter the forms in which much of agricultural support is provided, but are likely to make the EU agricultural support regime only slightly less negative for world markets. • The reforms do not directly address export subsidies and market access, and therefore provide only a partial platform for multilateral trade negotiations under the World Trade Organisation (WTO). A growing European Union means that disciplines on agricultural protection through multilateral agreements are more important than ever. • Changing the forms of support will achieve only limited reductions in agricultural distortions. Making marked reductions in the levels of support is the only way to seriously reduce distortions.
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Keywords
Common Agricultural Policy, European Union, policy reform
Citation
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Source
Australian Commodities
Type
Report (Commissioned)
Book Title
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DOI
Restricted until
2099-12-31
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