Davignon Plan
Davignon Plan: a plan adopted in 1978 by the European Economic Community to revitalize its steel industry. The plan was aimed mainly at putting a cap on production capacity. It also had a longer-term segment for restructuring and rationalizing the steel industry. State aids and import restrictions were an important factor in achieving the planned targets. The plan was named after Viscount Etienne Davignon, the then European Commissioner for Internal Market and Industrial Affairs. See also Multilateral Steel Agreement and Multilateral Specialty Steel Agreement.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
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Author of the text: W. Goode
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