The European Union will continue to need a strong common agricultural policy (CAP) even after the current budgetary period ends in late 2013, Hungarian and European Parliament officials agreed in Budapest on Wednesday.
An EP delegation led by agricultural committee head Paolo de Castro held talks with members of the Hungarian Parliament's agricultural committee and officials of the Regional Development Ministry.
De Castro told MTI that the EP would probably earmark EUR 45 billion for financing CAP, even if the concrete details have still to be agreed upon.
Hungarian committee head Sándor Font emphasised Hungary's vested interest in retaining the two-pillar CAP even in the future.
State Secretary György Czerván said that Hungary wanted to develop a strong and competitive economy with appropriate EU support based on a strong CAP. (MTI Econews)