AGL 40.03 Increased By ▲ 0.02 (0.05%)
AIRLINK 129.31 Increased By ▲ 2.31 (1.82%)
BOP 6.80 Increased By ▲ 0.11 (1.64%)
CNERGY 4.64 Increased By ▲ 0.13 (2.88%)
DCL 8.63 Decreased By ▼ -0.01 (-0.12%)
DFML 40.95 Decreased By ▼ -0.09 (-0.22%)
DGKC 85.74 Increased By ▲ 0.13 (0.15%)
FCCL 33.00 Decreased By ▼ -0.11 (-0.33%)
FFBL 66.53 Increased By ▲ 0.43 (0.65%)
FFL 11.46 Decreased By ▼ -0.09 (-0.78%)
HUBC 110.58 Decreased By ▼ -0.53 (-0.48%)
HUMNL 14.63 Decreased By ▼ -0.19 (-1.28%)
KEL 5.24 Increased By ▲ 0.07 (1.35%)
KOSM 8.11 Increased By ▲ 0.45 (5.87%)
MLCF 40.07 Decreased By ▼ -0.14 (-0.35%)
NBP 60.51 No Change ▼ 0.00 (0%)
OGDC 195.47 Increased By ▲ 1.37 (0.71%)
PAEL 27.10 Increased By ▲ 0.38 (1.42%)
PIBTL 7.64 Increased By ▲ 0.27 (3.66%)
PPL 155.82 Increased By ▲ 2.03 (1.32%)
PRL 27.37 Increased By ▲ 1.16 (4.43%)
PTC 18.56 Increased By ▲ 1.38 (8.03%)
SEARL 85.10 Decreased By ▼ -0.50 (-0.58%)
TELE 7.90 Increased By ▲ 0.33 (4.36%)
TOMCL 34.88 Increased By ▲ 0.49 (1.42%)
TPLP 9.22 Increased By ▲ 0.40 (4.54%)
TREET 16.81 Decreased By ▼ -0.01 (-0.06%)
TRG 62.86 Increased By ▲ 0.31 (0.5%)
UNITY 27.75 Increased By ▲ 0.46 (1.69%)
WTL 1.30 No Change ▼ 0.00 (0%)
BR100 10,184 No Change 0 (0%)
BR30 31,403 No Change 0 (0%)
KSE100 95,857 No Change 0 (0%)
KSE30 29,683 No Change 0 (0%)

EU agriculture commissioner Dacian Ciolos argued Monday that the economic crisis justified the need to keep a strong aid policy for Europe's farmers, which developing countries slam as unfair.
The economic and financial crises, which have hit consumption and led to price volatility show that the bloc's controversial Common Agricultural Policy (CAP) - under which the farm handouts are made - "has a more important role than ever," Ciolos told reporters just before opening a public debate on the policy's future.
The current system for the CAP, which swallows up some 40 percent of the EU's total annual budget, is due to expire in 2013. The 27 EU nations are divided over what exactly will replace it. France, the system's main beneficiary, leads the calls to maintain a strong system of farming subsidies, followed by Spain and other heavily agricultural economies.
French President Nicolas Sarkozy said last month he was ready to risk provoking a "crisis" in European relations in his efforts to defend EU farm subsidies that French farmers have enjoyed for over 40 years. On the other hand, Britain, the Netherlands and Sweden want to see a continuation of the gradual reductions in the subsidies already introduced, leaving farmers, eventually, to deal with the rules of the market.

Copyright Agence France-Presse, 2010

Comments

Comments are closed.