The EEC sheepmeat regime : one year on
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Authors
Date
1981-11
Type
Discussion Paper
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Fields of Research
Abstract
The EEC Sheepmeat Regime was introduced in
October 1980, in order to establish a common market
in sheepmeats within the Community.
During the first year (1980/81) higher support
prices led to increased supply in Britain whilst the
imposition of a Clawback tax and the strength of the
sterling reduced exports from Britain. The British
market was somewhat depressed for these and other reasons.
Imports into the EEC from New Zealand were also considerably
lower than the Voluntary Restraint Agreement (VRA)
allows for, though returns from trade were higher, due
to the reduction in the import tariff.
Assessment of the Regime indicates that it is
progressing satisfactorily, but at some high and increasing
expense to the EEC (FEOGA) fund.
The outlook to 1984/5 is for increased supply
in most EEC countries, with a further small decline in
consumption in Britain. Intra EEC trade will increase,
but third country imports are likely to fall. There is
some uncertainty surrounding these projections, especially
on price movements, because of possible changes in the
Regime and in the usual market forces.
The EEC is likely therefore to remain a major but
declining market for New Zealand unless efforts are made to fulfill
the voluntary quota by expanding the continental market
to offset the forecast decline in exports to Britain