The trade of Sugar
- Created by: Dionne Fearon
- Created on: 13-05-14 10:20
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- The trade of Sugar
- Europe's history of the sugar trade
- 1985 - EEC granted finnancial aid to former European colonies Carribean, African and Pacific (CAP)
- Yaounde Convention of 1963 allowed the 77 CAP states to trade
- 1973 - enlargement of the EEC led to common wealth countries to seek cooperation with them , which made Britian nervious to support the common wealth sugar producers
- 1975 - the Lome Convention signed between the ECC and CAP states
- European proposals on sugar sector reform
- 37% cut in support price of sugar beet and sugar cane
- Reduce EU production over 4 years - 2.8 million (16%) tonnes out of production
- compensation for EU growers for 60% over the 3 years
- imports from LDCs under the 'everything but arms' agreement
- Review European commission of price and quota levels 2008
- The effect on Ireland
- Sugar beet industry worth £140 million
- 2 processing plants are located in Mallow and Carlow
- 650 workers
- Ireland thinks that the 37% cut in beet prices and 16% quota reduction is un acceptable
- 3800 beet growers are opposed to the rerforms
- worth £75 million annually to beet growers
- Sugar beet industry worth £140 million
- Hauliers transport 1.3 million tonnes of sugar
- 8000 jobs depend on sugar production
- 199,208 tonnes of sugar produced each year
- The effect on on the open market of Barbados
- Find other profitable uses for sugar cane
- Electricity
- Motor fuel (bioethonol)
- Can import sugar more cheaply that export
- EU will provide them preferential treatment to markets
- The EU has delayed the 3% price reduction until 2006
- Find other profitable uses for sugar cane
- The value of the Sugar trade
- the production of beet sugar in MEDCs is 42.6 million
- 40% of the sugar trade is from the EU
- Due to production quotas or subsidy.
- Over production of 3.8 million tonnes of beet in the UK, France and Germany was dumped on the world market
- Due to production quotas or subsidy.
- Who gains?
- Sugar producers within the EU
- large scale producers
- 17 CAP states that are part of the protocol
- Efficient exporters (e.g. Brazil)
- Europe's history of the sugar trade
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