The importance of the EC in international agricultural markets has grown steadily since the establishment of the Community and will receive another boost following its southward enlargement. Nevertheless, agricultural policy has been inward-looking and has paid, little heed to the external...

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...