Annex A
Table 2
GAP BETWEEN LANDED AND EU INSTITUTIONAL PRICES
(a) —following complete implementation of GATT
commitments and Agenda 2000
TARIFF RATE
AT FINAL
BOUND TARIFF
|
| World price level: | "Low" forecast(d)
| "High" forecast(d)
|
|
| Common Wheat(b) | 55%
| 55% |
| Maize(b) | 55%
| 55% |
| Barley(b) | 55%
| 55% |
| Rice(c) | 44%
| 44% |
| White Sugar | 12%
| 16% |
| SMP | 55% |
75% |
| Butter | 47%
| 54% |
| Beef | 62%
| 79% |
| Sheepmeat | 10%
| 33% |
| Pigmeat | 6%
| 23% |
| Eggs | 19%
| 59% |
| Poultry | 8%
| 26% |
|
(a) As percentage of institutional price in forecast
year (or estimated market price for intensive livestock products
and sheepmeat). Landed price equals world price plus maximum allowable
tariff under the GATT accord (including safeguard levies calculated
based on external reference prices, if applicable).
(b) Cereal landed prices are constrained at the maximum
of 155 per cent of the intervention prices.
(c) Both scenarios include 15 per cent cut in intervention
price by year 1999-2000 from 1996-97 levels agreed by the Council
of Ministers. Landed prices of husked indica rice are constrained
at 180 per cent of the intervention price. For this analysis the
intervention price is converted from paddy to husked equivalent.
For milled rice imports, MAFF estimates that the "gaps"
are 23 per cent and 36 per cent for the low and high world price
scenarios respectively.
(d) Where available "high" and "low"
forecast based on range of estimates by various forecasting agencies,
except for eggs which is based on +/-20 per cent of a central
forecast. Outside forecasts used are the 1999-2007 World Agricultural
Outlook (Food and Agricultural Policy Research Institute), and
the 1999-2004 OECD Agricultural Outlook.
| 
