Publication

This paper seeks to look at certain fundamental features of the EU food and agricultural sector adjustment process as it manifests itself through the reform of the CAP. It highlights the shift in policy tools, from price support for agricultural products to income support for EU farmers and the shift in policy emphasis from the quantity of agricultural products to the quality of food and agricultural products. It reviews the implications of this policy shift for the EU’s diminishing tolerance of the use of trade policy tools as part of agricultural development policies in third countries.