WTO SCRAPS EXPORT SUBSIDIES ON MEAT EXPORTS
December 1st, 2015
MEAT exporting countries worldwide will be scrapping export subsidies after a World Trade Organisation (WTO) ministerial meeting in Nairobi agreed on Friday (Dec 18) to phase out these distortive trade sweeteners.
Developed country members have committed to remove export subsidies immediately for basic food products, with a slower phase-out schedule for pigmeat, all processed foods and dairy products.
For these products, rich country governments have negotiated some leeway, if their governments have previously notified the WTO agriculture committee about such ...
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