Analysis of the Mechanism of the Common Organization of the Markets for Agricultural Products in the European Union

The Common Organization of the Market for Agricultural Prod­ucts in the European Union is part of the common agricultural policy, which ensures both stable and predictable markets and resilient purchase prices, which in turn safeguards farmers’ stable earnings and provides constant supply of quality food to consumers. The aim of this study is to analyze the applicability and adaptability of the mechanism of the common organization of markets in the EU, including: its internal aspect, mainly related to interventions in the market for agricultur­al products, and its external aspect related to the trade with third countries, import and export licenses, refund of part of costs associated with exporting agricultural products produced in the Community, etc. The Common Organization of Markets, as a basis for implementing the EU Common Agricultural Policy, operates within a financial framework period­ically updated by the European Commission in order to adequately imple­ment the principle of subsidiarity, allowing EU Member States to play a key role in terms of interventions in the agricultural sector.