Export restitution is a term in the European Union for variable export subsidies given to traders to cover the difference between the higher internal
Common Agricultural Policy
The Common Agricultural Policy (CAP) is the agricultural policy of the European Commission. It implements a system of agricultural subsidies and other programmes. It was introduced in 1962 and has since then undergone several changes to reduce ...
price of a commodity and its lower world price.
References
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European Union and agriculture
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