The Davignon Plan was adopted in 1978 by the European Economic Community to reform its steel industry.[1] Its aim was to place a cap on steel's production capacity.[1] In the long term, it aimed to restructure and rationalise the steel industry.[1] Its main tools to achieve its planned targets were state aids and import restrictions.[1]

The Plan took its name from Étienne Davignon, the European Commissioner for the Internal Market and Industrial Affairs.[1]

References

  1. 1 2 3 4 5 Goode, Walter (2003). Dictionary of Trade Policy Terms (PDF) (Fourth ed.). World Trade Organization. p. 100.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.