Reference Price
Summary of Reference Price
A mechanism of the Common Agricultural policy (read this and related legal terms for further details) of the European Economic Community designed to prevent disruptive import competition for certain vegetables, fruits, fish, and wine. The reference price is an average of EEC market prices compiled over time. When the entry price of an import falls below the reference price, the EEC may suspend further imports of that product or impose a levy (a compensatory tax) to negate the price advantage of the foreign produce.
(Main Author: William J. Miller)
Reference Price and International Trade
Resources
See Also
Common Agricultural Policy
Hierarchical Display of Reference price
Finance > Prices > Farm prices
Reference price
Concept of Reference price
See the dictionary definition of Reference price.
Characteristics of Reference price
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Resources
Translation of Reference price
- Spanish: Precio de referencia
- French: Prix de référence
- German: Referenzpreis
- Italian: Prezzo di riferimento
- Portuguese: Preço de referência
- Polish: Cena referencyjna
Thesaurus of Reference price
Finance > Prices > Farm prices > Reference price
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