The Uruguay Round Agreement on Agriculture has fundamentally changed the rules for international agricultural trade, and established quantitative constraints for agricultural policies of all WTO members. Although countries have tried to escape the new disciplines here and there, overall there...

CAP reform has important implications for relations with countries outside the Community. As a result of reform, the EC has found it possible to negotiate new rules on agricultural trade in the Uruguay Round of GATT negotiations. The MacSharry compensation payments are sufficiently decoupled to...