OECD – SUBSIDIES
April 1st, 2004
BY KEITH NUTHALL
AGRCULCTURAL subsidies to the rich member countries of the Organisation for Economic Cooperation and Development (OECD) were US$318 billion in 2002, of which US$148 billion came from high prices due to tariffs and export subsidies, says the think tank. Euro 107 billion subsidies were paid to European Union (EU) farmers and US$40 billion to those in the USA.
AGRCULCTURAL subsidies to the rich member countries of the Organisation for Economic Cooperation and Development (OECD) were US$318 billion in 2002, of which US$148 billion came from high prices due to tariffs and export subsidies, says the think tank. Euro 107 billion subsidies were paid to European Union (EU) farmers and US$40 billion to those in the USA.
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