Montant De Soutien

Summary of Montant De Soutien

A plan devised by the European Economic Community in 1963 as the basis of agricultural trade negotiations during the Kennedy round. The plan is predicated upon a reference price for a given agricultural commodity; any imports below the reference price would incur a levy equal to the spread between the market and reference prices, thereby effectively eliminating import price competition with domestic EEC produce. The MDS scheme was proposed by Sicco Mansholt and became known as Mansholt II.

(Main Author: William J. Miller)