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Common Agricultural Policy - Originally created with three main components: a single market for agricultural products, with common prices; a common external tariff (CET) on agricultural imports; and common financial responsibility. Its core is the guaranteed price system and the intervention (where food surpluses occur) system, administered by the European Agricultural Guidance and Guarantee Acronym: CAP Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm
Related Terms: Common Agricultural Policy - international | trade |
Search History: [ Common Agricultural Policy ]
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Ver 4, Sep, 1999, Matthew D. Cox, email@example.com
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