SUGAR APPEAL
May 1st, 2005
BY KEITH NUTHALL
THE GLOBAL sugar industry will scrutinise an appeal verdict from the WTO confirming an earlier decision that EU existing sugar subsidies break world trade rules. The European Commission has accepted the decision, important, because it will on June 22 publish detailed reforms. The WTO said the EU should have reduced subsidised sugar exports by 72% since 1994, not the 21% it has cut.
THE GLOBAL sugar industry will scrutinise an appeal verdict from the WTO confirming an earlier decision that EU existing sugar subsidies break world trade rules. The European Commission has accepted the decision, important, because it will on June 22 publish detailed reforms. The WTO said the EU should have reduced subsidised sugar exports by 72% since 1994, not the 21% it has cut.
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