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  • Wednesday, June 22, 2005

    "Free Trade"

    The Times reports on a problem with "free trade":

    Yet Mozambique’s sugar industry is in danger. The reason is the European Union’s highly protectionist Common Agricultural Policy, which hits the country’s sugar producers from three directions simultaneously. The CAP subsidises European producers of the much more costly sugar beet by £550 million a year. Much of this goes to companies such as Tate & Lyle in Britain, which alone is estimated to receive £120 million a year. The CAP places import tariffs of more than 200 per cent on cane products from non-EU countries, making it even more difficult for dirt-poor producers such as Ethiopia, Malawi, Zambia and Mozambique to take advantage of low wage costs. And the CAP’s price-support system leads to over-production. As a result roughly five million tonnes of European sugar are dumped on the world market annually, driving prices downwards.
    See all recent "A Logical Voice" posts


    At 6/22/2005 02:24:00 pm, Anonymous Anonymous said...

    CAP = Cash for Asterix's Peasants


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