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EU sugar reform--an uphill battle for survival for the ACP.(Analysis)
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Agra Europe
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February 24, 2006
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Copyright informationCOPYRIGHT 2006 Agra Europe Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Whatever its impact may be within Europe, the reform of the EU sugar regime will seriously undermine the sugar industry--the core agricultural activity--in ACP Sugar Protocol countries, and will harm the sustainable development of their economies.
The 36% cut in EU sugar prices over four years will result in an annual loss of revenue of about 265.3 million [euro] for the 18 ACP developing countries of the Sugar Protocol (SP), who are small, vulnerable, landlocked or island economies. The collective shortfall in revenue for the SP countries will amount to some 1.77 billion [euro] by 2014/15, at the end of the new sugar regime.
Such a huge fall in revenue will thwart the ...
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