Journal Article

The Agenda 2000 CAP reform, world prices and GATT–WTO export constraints

Hans van Meijl and Frank van Tongeren

in European Review of Agricultural Economics

Volume 29, issue 4, pages 445-470
Published in print December 2002 | ISSN: 0165-1587
Published online December 2002 | e-ISSN: 1464-3618 | DOI: https://dx.doi.org/10.1093/eurrag/29.4.445
The Agenda 2000 CAP reform, world prices and GATT–WTO export constraints

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This paper examines the compatibility of the Agenda 2000 reform of the Common Agricultural Policy (CAP) of the European Union (EU) with the EU's commitments to reduce export subsidies made under the GATT Uruguay Round Agreement on Agriculture. A multi‐region applied general equilibrium model, which includes relevant CAP measures, is used to obtain a quantitative assessment and to analyse the effects of alternative world market price changes on the fulfilment of these commitments. We show that Agenda 2000 helps the EU to remain within its export subsidy commitments, but to a lesser extent within its export volume constraints. Furthermore, conclusions with regard to export subsidies depend on the world market situation. A forward‐looking analysis that anticipates the WTO Doha Round indicates that further adjustments to the CAP are inevitable.

Keywords: agricultural policy; agricultural trade; CAP; WTO; global CGE modelling

Journal Article.  0 words. 

Subjects: Agricultural Economics ; Environmental Economics ; Renewable Resources and Conservation ; Primary Products

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