Intensified efforts have been made in the EC in recent years to close the open flanks of its agricultural trade policy. The advocates of this not only believe that an import substitution policy will solve the problem of surpluses, the budget crisis and the grave income problems in the...

The European Community regards its current agricultural policy "reforms" as an adjustment to the reality of the market and hence as a contribution to easing the strains in world agricultural trade and reducing worldwide distortions in resource allocation. A detailed analysis gives ground for...