Michigan State University Extension
Extenstion International Trade Res. - 10179507
03/31/96

European Union Expansion Takes Effect

Austria, Finland, and Sweden joined the European Union on   
January 1, 1995, bringing membership to 15 countries and    
increasing the EU population to 373 million. Upon           
accession, each new member began the difficult process of   
adjusting to the EU's Common Agricultural Policy (CAP),     
including immediate price alignment to EU levels. For the   
United States, the overall trade effects of accession are   
unlikely to be significant.                                 

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