EU Farm Policy Blocks Global Trade Progress, Stifling Economic Growth.
The EU's farm policy, known as the Common Agricultural Policy (CAP), has caused conflicts in trade negotiations with other countries in the World Trade Organization (WTO). The EU's agricultural sector is not very competitive, making it hard for the EU to reform the CAP. This limits progress in trade liberalization talks at the WTO. The book explains how the CAP's inclusion in trade agreements has affected the possibility of further agricultural trade liberalization within the WTO.