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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]

References

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  1. ^ a b c d e Goode, Walter (2003). Dictionary of Trade Policy Terms (PDF) (Fourth ed.). World Trade Organization. p. 100.
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