Common Agricultural Policy (CAP) and Trade Liberalization

My Take : The CAP which subtly underlines European trade with other developing countries like Ghana is the main course of trade imbalance and the primary reason why Ghana must beware of the Economic Partnership Agreement.Whiles EU seeks access to african markets at lower costs for their produce,they reciprocate these with many blockages to disallow access from other developing countries..

The CAP is a form of protectionism designed to defend European producers from cheaper products outside the EU. This was once done by subsidising agricultural produce but is now achieved by the EU deterring imports from outside the EU with a system of import tariffs and simultaneously subsidising farmers through the Single Farm Payment. >>> more