The European Union funds' New Financial Rules for the Common Agricultural Policy

Abstract

The main targets of the common agriculture policy aiming at sustainable development should be: increasing emphasis on fostering and maintaining sustainable development, promoting environmentally-driven high quality products, managing biodiversity and implementing environmentally-driven technologies including use of renewable raw materials. On September 22, 2006 the Polish Parliament enacted a law on using funds sourced from the European Union budget and allocated to finance the common agricultural policy. The law applies to authorities engaged in making payments financed from the European funds allocated for financing agriculture and development of rural areas, such as: Ministry of Finance, Ministry of Agriculture and Rural Development, Agency for Restructuring and Modernisation of Agriculture, Agricultural Market Agency as well as Customs Service and inspectorates reporting to the Minister of Agriculture and Rural Development (including the ones reporting to National Bank of Poland which handles relevant bank accounts).