The European Globalisation Adjustment Fund (EGF) is a fund complementing the two Pillars of the Common Agricultural Policy (CAP) however, the allocated budget for this fund is outside the Multi annual Financial Framework (MFF). It aims to provide support to workers made redundant due to change in world trade patterns, with a special focus on unexpected crisis and trade agreements effecting agriculture. EGF will be extended to provide transitory support to farmers to facilitate their adaption to a new market situation resulting from the conclusion by the Union of trade agreements affection agricultural products.
It is up to the Member States to submit applications under EGF, provided that they can prove that eligible sectors experience significant trade-related losses, that farmers operating in these sectors are affected and that they have identified and targeted the affected farmers.
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