This article explains Belgium’s European policy regarding the CAP reforms of 1992 (MacSharry Reforms) and 2003 (Mid Term Review). It addresses the question whether this policy has changed and, if so, what the conditions of policy change are. We argue that Belgium has a two-track policy regarding the CAP reforms. The first track has a conservatist content, stating that Belgium is not in favour of the proposed reforms. The second track is a the more reformist one, given the untenability of the CAP in the light of the simultaneous global GATT, WTO and/or enlargement negotiations. It is argued that the political colour of the Agriculture Minister influences partly the first track, while the relative importance of the global negotiations over the CAP reform negotiations affects the second track. Moreover, we conclude that the involvement of the Flemish and Walloon Region has not led to a deadlock in the internal policy-making process in Belgium.