The European Commission has proposed a radical overhaul of the EU sugar regime, promising the new system will be more market, consumer and trade friendly.
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The current system has come under fierce criticism for misallocating resources, hampering competition, harming developing countries and giving consumers, taxpayers and the environment a raw deal.
The Commission has proposed to substantially cut back sugar exports and export refunds, abolish intervention, reduce EU production and the internal sugar price and grant a de-coupled payment to sugar beet farmers. The reform process is set to start in July 2005.
“This reform gives the EU sugar sector and developing countries a realistic perspective. Our consumers will see much more market orientation, developing countries much less trade distortions,” said Franz Fischler, EU Agriculture Commissioner.
For more details of the proposal, click here.
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