Published online by Cambridge University Press: 28 April 2015
Trade in temperate zone agricultural products has remained largely outside the trend toward liberalization that has characterized international trade in the last 30 years. One of the most debated issues in this regard has been the European Community's Common Agricultural Policy (CAP) and its effects on world trade. Recent evidence emphasized the implications of the protectionist nature of the CAP in stimulating internal trade and slowing down third countries' farm exports to the EEC. But, no attempt has been made to estimate quantitatively the magnitude of the effect of the CAP system of import protection on EEC supply, consumption, and trade of agricultural products.