Fact Sheet on the European Union
The Common Agricultural Policy (CAP) has undergone five major reforms, the most recent of which were in 2003 (mid-term review), in 2009 (the ‘Health Check’) and in 2013 (for the 2014-2020 financial period).
Articles 38 to 44 of the Treaty on the Functioning of the European Union (TFEU). Regulations (EU) Nos 1303 to 1308/2013 (OJ L 347, 20.12.2013).
The successive CAP reforms have adapted the mechanism it uses in order to better attain the stated aims of the Treaty (5.2.1). The latest reform also sets new objectives for the CAP (Article 110(2) of Regulation (EU) No 1306/2013): economic (ensuring food security by means of stable agricultural production, increasing competitiveness and the distribution of value across the food chain); environmental (sustainable use of natural resources and the fight against climate change); and territorial (ensuring economic and social diversity in rural areas).
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SOURCE: European Parliament Website