The Common Agricultural Policy of the European Union has often been accused of dumping despite significant reforms, as part of the Agreement on Agriculture at the Uruguay round of GATT negotiations in 1992 and in subsequent incremental reforms, notably the Luxembourg Agreement in 2003. Initially, the CAP sought to increase European agricultural production and provide support to European farmers through a process of market intervention whereby a special fund, the European Agricultural Guidance and Guarantee Fund, would buy up surplus agricultural produce if the price fell below the centrally-determined intervention level. European farmers were given a "guaranteed" price for their produce when it was sold in the European Community, and a system of export reimbursements ensured that European exports would sell at or below world prices, at no detriment to the European producer. The policy was heavily criticised as distorting world trade, and since 1992, the policy has moved away from market intervention and towards direct payments to farmers regardless of production, called "decoupling". Furthermore, the payments are generally dependent on farmers fulfilling certain environmental or animal welfare requirements to encourage responsible, sustainable farming in what is termed "multifunctional" agricultural subsidies. Social, environmental and other benefits of subsidies would no longer not include a simple increase in production. Chinese economic situation The dumping investigation essentially compares domestic prices of the accused dumping nation with prices of the imported product on the European market. However, several rules are applied to the data before the dumping margin is calculated. Most contentious is the concept of "analogue market". Some exporting nations are not granted "market economy status" by the EU: China is a prime example because its market status is considered "state-sponsored capitalism". In such cases, the DG Trade is prevented from using domestic prices as the fair measure of the domestic price. A particular export industry may also lose market status if the DG Trade concludes that this industry receives government assistance. Other tests applied include the application of international accounting standards and bankruptcy laws. The consequences of not being granted market economy status have a big impact on the investigation. For example, if China is accused of dumping widgets, the basic approach is to consider the price of widgets in China against the price of Chinese widgets in Europe. But China does not have market economy status, so Chinese domestic prices cannot be used as the reference. Instead, the DG Trade