June2003 CAP and multilateral agricultural negotiations at the WTO: Are they compatible?
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Theoretically, the deadline for the current cycle of multilateral trade negotiations at the World Trade Organisation (WTO) is January 1st 2015. The failure of the 5th ministerial conference of Cancun in September 2003 makes it unlikely that the deadline will be observed. Agreeing on the agricultural dossier proved to be impossible. However, it is likely that there will be a new agricultural agreement and that this one will at least include additional commitments to the previous Uruguay Round Agreement on Agriculture (URAA), aiming to open up markets, reduce subsidized exports and lower domestic support when it has excessively distorting effects on trade. Moreover, it is possible that the agricultural agreement of the Doha Round is stricter than the URAA, for instance challenging not only the terms for granting domestic support but also its total level. The objective of this paper is to assess the European Union’s (EU) room for manoeuvre at the WTO after the 1999 and 2003 Common Agricultural Policy (CAP) reforms (Agenda 2000 reform) and 2003 Luxembourg compromise).