Deconinck, Koen; Swinnen, Johan - LICOS Centre for Institutions and Economic Performance, … - 2013
Almost half of the world’s vineyards are in the EU and the EU produces around 60% of the world’s wine. The EU is also … the world’s most regulated wine market. In 2007, the European Union decided on a major reform of its wine policy, the so …-called Common Market Organization (CMO) for wine. A crucial element was the abolishment of a system of planting rights to regulate …