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EU Executive Adopts Farm Prices Package
- Article from:
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Xinhua English Newswire
- Article date:
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February 4, 1998
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Copyright informationCopyright 1998 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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The European Commission, the European Union (EU)'s executive
body,
Wednesday adopted the farm prices package for the next marketing
year.
Under the package, the Commission decided to keep the prices
unchanged under the EU's Common Agricultural Policy (CAP), which has
a budget of 50 billion U.S. dollars each year.
The EU executive adopted the proposal on an initiative from Franz
Fischler, European commissioner for agriculture and rural
development, noting that it was in line with its desire to freeze
agricultural spending in 1999 compared to 1998.
The agricultural budget for 1998 has been set at 40.44 billion
ECUs (48.5 billion U.S.dollars), about 50 percent of the whole EU
expenditure.
"The ...