WORLD TRADE ORGANIZATION ANNOUNCES DEAL ON FARMING SUBSIDIES
January 11th, 2016
Food export subsidies are to be scrapped after a World Trade Organization ministerial meeting in Nairobi agreed on Friday (18 December) to phase out the trade sweeteners.
Developed country members have committed to remove export subsidies immediately for basic food products, with a slower phase-out schedule for all processed foods, pigmeat and dairy products.
For these products, the governments of more developed markets have negotiated some leeway, if their governments have previously notified the WTO agriculture committee about the subsidies. If they have ...
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