The common agricultural policy cap is the agricultural policy of the european unionit implements a system of agricultural subsidies and other programmes it was introduced in 1950 and has undergone several changes since then to reduce the cost from 71 of the eu budget in 1984 to 39 in 2013 and to also consider rural development in its aims. Start studying common agricultural policy learn vocabulary terms and more with flashcards games and other study tools european agriculture was more expensive due to the labour cost that you have to pay in europe gatt now wto agreement was made in 1988 where eu agreed to make reforms to cap to open up the markets. The common agricultural policy cap has undergone five major reforms the most recent of which were in 2003 mid term review in 2009 the health check and in 2013 for the 2014 2020 financial period the first discussions on the post 2020 cap began in 2016 and the corresponding legislative proposals were unveiled in june 2018. The common agricultural policy cap for the european union was established in 1963 and has provided the basis for europes food and agricultural programs this short back grounder presents a brief history of the cap its establishment and the different reforms over time as well as some overview of. Agriculture is the only sector of the european union eu where there is a common policy agricultural policy is proposed by a supranational authority the european commission agreed to or amended by agricultural ministers of eu member nations and reviewed by the european parliament historically the eus common agricultural policy cap has played a critical role in connecting very
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