ABSTRACT
In 1963, participants in the Kennedy Round agreed to try to provide for acceptable conditions of access to world markets for agricultural products in furtherance of a significant development and expansion of world trade. The Commission considered the Kennedy Round an opportunity to regulate agriculture at the world level and deemed the commodity agreement a first step in this direction and it proposed minimum import prices for products entering the European Economic Community (EEC) so as to guarantee the stability of the internal market and gain the recognition of the Common Agricultural Policy (CAP) for these products in Geneva. The negotiations in Geneva over grain would show what position the six member countries wanted to have in world trade in farm products. In 1947, under the pressure of big exporting countries like Australia and Canada, the General Agreement on Tariffs and Trade (GATT) was applied to all trade, without distinguishing between agricultural and industrial trade.
