section_path: Economy/Agriculture and fisheries
section_name: Agriculture and fisheries
paragraph_text: Agriculture and fisheries
  
  The Common Agricultural Policy (CAP) is the agricultural policy of the European Union. It implements a system of agricultural subsidies and other programmes. It was introduced in 1962 and has since then undergone several changes to reduce the EEC budget cost (from 73% in 1985 to 37% in 2017) and consider rural development in its aims. It has, however, been criticised on the grounds of its cost and its environmental and humanitarian effects.
  
  Likewise, the Common Fisheries Policy (CFP) is the fisheries policy of the European Union. It sets quotas for which member states are allowed to catch each type of fish, as well as encouraging the fishing industry by various market interventions and fishing subsidies. It was introduced in 2009 with the Treaty of Lisbon, which formally enshrined fisheries conservation policy as one of the handful of "exclusive competences" reserved for the European Union.