The third EC enlargement to include Spain and Portugal raised substantial problems in the international olive oil market, where the Ec-10 accounted for 48% of the production and 52% of the consumption and the new EC members for 30% and 24% respectively. Olive oil was highly supported in the Ec-10 where producer prices were more than twice the international prices. Extending (from 1986 to 1991) the EC-10 price support to Spanish and Portuguese producers would have meant huge EC-12 budgetary costs and a complete price collapse in the tiny world market.

EC enlargement and Trade Liberalization in the Vegetable Oils Market

CROCI ANGELINI, Elisabetta;
1992-01-01

Abstract

The third EC enlargement to include Spain and Portugal raised substantial problems in the international olive oil market, where the Ec-10 accounted for 48% of the production and 52% of the consumption and the new EC members for 30% and 24% respectively. Olive oil was highly supported in the Ec-10 where producer prices were more than twice the international prices. Extending (from 1986 to 1991) the EC-10 price support to Spanish and Portuguese producers would have meant huge EC-12 budgetary costs and a complete price collapse in the tiny world market.
1992
1855213028
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11393/111857
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