Seanad debates
Wednesday, 2 July 2003
Common Agricultural Policy: Statements.
Much has been made of the decision in relation to the dairy sector. Last week's decision provides for a cut of approximately 4% beyond the level already agreed in Agenda 2000. In contrast to the original proposal for an additional 10% reduction, we got the reduction in intervention reduced to 4%. In addition, while the original proposal provided for compensation for the intervention price reductions at the same level as applied in the Agenda 2000 agreement, a rate of 56%, I managed to secure compensation of approximately 80% for the additional intervention price reduction of 4% which was agreed.
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