DECLaRaTION OF THE EUROPEaN PaRLIaMENT ON VOLUNTaRY MODULaTION Sample Clauses

DECLaRaTION OF THE EUROPEaN PaRLIaMENT ON VOLUNTaRY MODULaTION. The European Parliament takes note of the conclusions of the European Council of December 2005 concerning voluntary modulation from market-related expenditure and direct payments of the Common agricultural Policy to rural development up to a maximum of 20 % and the reductions for market-related expenditure. When the modalities of this modulation are laid down in the relevant legal acts, the European Parliament will evaluate the feasibility of these provisions in respect of EU princi- ples, such as competition rules and others; the European Parliament currently reserves its position on the outcome of the procedure. It considers it would be useful to assess the issue of co-financing of agriculture in the context of the 2008-09 review.
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