CAP and enlargement
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CTA. 2003. CAP and enlargement. Agritrade, January 2003. CTA, Wageningen, The Netherlands.
Permanent link to this item: http://hdl.handle.net/10568/52513
The agreement on enlargement of the EU involves a financial package...
The agreement on enlargement of the EU involves a financial package amounting to €5.1 billion for the ten new members between 2004 and 2006. Direct aid payments to farmers in new member states will be phased in as follows: 25% of the full EU rate in 2004, 30% in 2005, 35% in 2006. This level may be topped up from 30% to 55% in 2004, 60% in 2005 and 65% in 2006 from the new member states' own rural development funds, which will be financed separately. Farmers in new EU member states will also benefit from EU wide measures such as export refunds and financing under the Structural Fund.