From: The effect of EU 2006 sugar regime reform on vertical price transmission
Type of measures | Trend in comparison with pre-reform status |
---|---|
1. Guaranteed price system | Reduction of price support |
2. Production quotas | Promotion of reduction of both in-quota and out-of-quota production |
3. Market withdrawals | Termination of public intervention |
4. Restructuring | Radical change in the approach (from “helping laggards” to “selecting the best”) |
5. Regulation of import | Improved market access for sugar produced in LDCs and in non-LDC ACP countries |
6. Export refunds | Greatly reduced room for recourse to subsidised exports |