Abstract
Few multinationals have a considerable market share of grain and oilseed trade and processing industries in both the EC and USA. The reform of agricultural policy is likely to affect their trading and processing activities. The aim of the paper is to discuss to what extent current reform coincides with, or diverge from, their interests. Three main issues are considered: what are the effects of EC and USA ‘traditional’ policies on multinationals; how multinationals behave as a consequences of those agricultural policies; and how the present reform could affect companies and induce restructuring process.
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