Baumgartner Proposals

Baumgartner proposals in Global Commerce Policy

In this regard, baumgartner proposals is: a set of ideas suggested for action in the GATT in 1961 by the then French Minister for Finance and Economic Affairs, M Baumgartner, for the management of world trade in agricultural products. The essence of the proposals was an extension of the Common Agricultural Policy model to global markets, supplemented by the United States Food for Peace program, to dispose of surplus production. The cost of this plan would have been met by the importing countries. The key component of the pricing mechanism was the normal price  which would have been set at a level well above what then was the price on the open market. See also agriculture and the multilateral trading system and PL 480.[1]

Baumgartner proposalsin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Baumgartner proposals” entry (OAS)

See Also