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.File in questo prodotto:
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