INTERNATIONAL REGULATORY ROUND UP – WORLD TRADE ORGANIZATION BANS EXPORT SUBSIDIES
January 1st, 2016
FOOD and drink export subsidies are to be scrapped after a World Trade Organisation ministerial meeting in Nairobi, Kenya, agreed to phase out these trade sweeteners. Developed country members have promised to remove export subsidies immediately for basic food products, with a slower phase-out for many processed foods and drinks, pigmeat and dairy products.
For these lines, if developed country governments have previously notified the WTO agriculture committee about the subsidies and they scrapped export subsidies on January 1 for shipments to the world's ...
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