Common Agriculture Policy in European Union.
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Common Agriculture Policy in European Union COMMON AGRUCULTURE POLICY IN EU INTRODUCTION The Common Agricultural Policy (CAP) is comprised of a set of rules and mechanisms, which regulate the production, trade and processing of agricultural products in the European Union (EU), with attention being focused increasingly on rural development. Among the EU's policies, the CAP is regarded as one of the most important policy areas. Not only because of its share of the EU budget, the vast number of people and the extent of the territory directly affected, but also because of its symbolic significance, and the extent of sovereignty transferred from the national to the European level. The significance of the CAP, nowadays, is also portrayed by the fact that it is directly related to the Single Market and the EMU. The Treaty of Rome defined the general objectives of a common agricultural policy. The principles were set out at the Stresa Conference in...

