| Author (Corporate) | European Commission: Press and Communication Service |
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| Series Title | Press Release |
| Series Details | IP/04/915 (14.7.04) |
| Publication Date | 14/07/2004 |
| Content Type | News |
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The European Commission published a Communication on 14 July 2004 proposing reform of the EU sugar regime. 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 proposes 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 will start in July 2005. To give all parties time to adjust, the changes should be implemented over four years. In view of the uncertainties in the international field, a review is foreseen in 2008. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/04/915&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
