IDEAS home Printed from https://ideas.repec.org/p/ags/uersmp/330595.html
   My bibliography  Save this paper

The Basic Mechanisms of European Community (EC) Policy: Illustrated by: Target, Intervention, and Threshold Prices, Plus Levies and Refunds: How They Work

Author

Listed:
  • Hudson, William J.
  • Economic Research Service

Abstract

Excerpts from the booklet: The principal price support mechanism of the CAP was to establish Target prices for agricultural products, as well as to guarantee minimum producer prices at which government authorities would intervene and buy the products for Community storage. The price support, variable levy, and export subsidy mechanisms of the CAP have provided strong incentives for investing in EC agriculture, leading in turn to significant productivity increases. At the same time, high EC prices have slowed the growth in consumption relative to production for many member countries. The importance of restructuring agricultural policies around the world is high on the agenda of the Uruguay Round of trade talks in the GATT. This, combined with the EC's 1992 program to remove internal barriers to trade, will pose special challenges to the current support system provided by the CAP to the EC's agricultural sector.

Suggested Citation

  • Hudson, William J. & Economic Research Service, 1990. "The Basic Mechanisms of European Community (EC) Policy: Illustrated by: Target, Intervention, and Threshold Prices, Plus Levies and Refunds: How They Work," Miscellaneous Publications 330595, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:330595
    DOI: 10.22004/ag.econ.330595
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/330595/files/ERSmp1485.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.330595?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uersmp:330595. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.