April 23, 2008
The so-called UK rebate is an anomaly, as the UK government itself has recognized. It is true that the Financial Perspectives reduced it to 4,000 million €. It is also true that the justification for the UK rebate is based in the continuing excessive cost of the CAP (now reduced to 43% of the EU budget).
The EMI has two clear objectives:
A) Work towards a deeper commitment of the UK to the EU.
B) Work in line with the Doha WTO Round to facilitate the agricultural exports of developing countries.