Term:
Mid-Term Review
Definition:

The EU Commission has published a Communication on the Mid-Term Review on the Common Agricultural Policy in July 2002, in January 2003 the Commission adopted a formal proposal. A formal decision on the "Cap reform" - a long-term perspective for sustainable agriculture was taken by the EU farm ministers. The reform includes far reaching amendments of current policies, including further reductions in support prices, partly offset by direct payments, and a further decoupling of most direct payments from current production.

Domain:
Finance
Source:
OECD
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