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单词 Common Agricultural Policy
释义
Common Agricultural Policy

Geography
  • Since the early 1960s, the European Union’s CAP has been highly protective, encouraging production through high price support, underpinned by import levies, state intervention and trading, and export subsidies. This helped to transform the European Union from a net importer of major temperate agricultural products to a major net exporter. EU exports needed heavy subsidization to be saleable internationally, and consequently depressed world prices. The EU has also maintained preferential access to regulated amounts of imports from members’ former colonies and traditional trading partners.

    http://ec.europa.eu/agriculture/faq/index_en.htm European Commission Agriculture and Rural Development website for FAQs.

    http://ec.europa.eu/agriculture/policy-perspectives/policy-briefs/05_en.pdf European Commission Agriculture and Rural Development website with objectives of the CAP 2014–2020.


Economics
  • The European Union (EU) policy towards agriculture. This includes a price support scheme which has led to excess production. As the supported prices are generally above world market levels, there is also an external tariff, and export subsidies are used to enable surplus products to be exported. Various grants to farmers are also available. The CAP absorbs up to two-thirds of total EU expenditure, raises the cost of living for EU consumers, damages non-EU farmers, and created great difficulties in reaching agreement in the Uruguay Round of world trade talks. A political agreement on the reform of the CAP was achieved in 2013; the reforms are to be implemented in 2014–20.


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