The trade of Sugar

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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
    • 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
      • Who gains?
        • Sugar producers within the EU
        • large scale producers
        • 17 CAP states that are part of the protocol
        • Efficient exporters (e.g. Brazil)

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