There is, therefore, a need for another technological breakthrough to give fresh impetus to agriculture. At the same time, greater emphasis will have to be placed in the management of supply chain with investment in rural infrastructure. The annual growth in agriculture has to be raised to at least 4 per cent from the current trend growth rate of around 3 per cent.
First of all, I share the focus of the Green Paper on the consolidation of existing legislation, entailing that a rigorous “better regulation” approach will be applied and measures that do not deliver the intended benefits have to be amended or repealed. Regulation is a fundamental tool for correcting market failures and overcoming barriers to the realisation of the Single Market.