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GATT, a hole in the CAP and the manure surplus

, : GATT, a hole in the CAP and the manure surplus. SEW, Sociaal Economische Wetgeving 38( 10): 634-639

When the EC first joined the GATT negotiations in 1960/61 it decided on a zero tariff for soyabeans, oilseeds and oilcake. Even when the EC expanded, the tariff was maintained. The EC neglected to arrange for market regulation of these products. In 1966 and 1974 the EC agreed to pay subsidies for both plant oils and soyabeans. The USA argued that this was against GATT regulations and a panel appointed by the GATT Contracting Parties decided in favour of the USA.


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