Davignon Plan

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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]

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References

  1. 1 2 3 4 5 Goode, Walter (2003). Dictionary of Trade Policy Terms (PDF) (Fourth ed.). World Trade Organization. p. 100.