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AP25: FDC European Parliament 01-1962 - COMMON AGRICULTURAL POLICY 'CAP' Launch

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N°AP25: FDC "Launch of the COMMON AGRICULTURAL POLICY 'CAP' - January 1962 Session of the European Parliamentary Assembly (European Parliament), Strasbourg (France) 22-25.01.1962"

- Postage France 35 Francs "Service Stamp of the Council of Europe - Flag of Europe"

- Date cancellation Strasbourg "Council of Europe" 22.01.1962

- Stamps "COMMON AGRICULTURAL POLICY - January 1962" and "1st session after the transition to the 2nd STAGE OF THE COMMON MARKET"

Limited Collector's Edition - Rare

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January 1962 - Launch of the COMMON AGRICULTURAL POLICY (CAP)

Provided for in the TREATY OF ROME, the CAP was created in 1962, although certain tools such as import taxes at borders already existed before then. Article 39 defines its main objectives: guaranteeing food independence, increasing productivity, stabilizing markets and ensuring a fair standard of living for farmers. Two fundamental instruments are put in place: guaranteed prices and export refunds.

Every year, the European Community sets, for each production sector (cereals, meat, milk, etc.), guaranteed prices higher than the world average. The quantity that the producer fails to sell is repurchased by the Community at this price, to then be stored and later resold on the domestic market, exported to third-party markets or even destroyed.

At the same time, imported products are taxed so as not to compete with European products. For their part, exports are subject to support (refund): the producer receives a supplement when it sells outside the Community (the difference between the world price and the higher European price).

In addition to stabilizing prices, this administered policy has the effect of considerably increasing agricultural production and productivity in the Community. The farmer is in fact encouraged to produce more since his production is always sold. In 1968, the creation of the Customs Union eliminated intra-community customs duties. A single market for dairy products, beef and sugar was then created.

(Source : Toute l'Europe.eu)

A philatelic envelope, designed by Historiaphil© (Philately Kiosk of the European Parliament, Strasbourg, France) commemorates the great moments of the Strasbourg plenary session of the European Parliament. She is issued for each Session, continuing the collection of philatelic envelopes testifying since 1949 to the History of Europe and its institutions. This is a real "Collector" with a limited edition.

AP25
10 Items

Data sheet

dateemission
25/01/1962

Specific References