Agricultural support system of the EU ( q.v.), under which farmers' incomes are maintained through a system of target prices for agricultural commodities.
the group of measures forming the common approach by the members of the European Commission, towards the regulation of agricultural markets.
First established in 1962, the CAP aims at ensuring the free trade of farm products within the European Union (EU-- q.v.), guaranteeing the prices of these products, and maintaining protective tariffs against farm products from outside the EU.