SUGAR THINK PIECE
October 1st, 2004
BY ALAN OSBORNIT'S not quite "back to the drawing board chaps" for sugar reform in the European Union (EU) now that the World Trade Organisation (WTO) has formally ruled against the present system but some new thinking is surely needed - and quickly.The WTO, acting on complaints from Brazil, Australia and Thailand, has determined that EU sugar exporters are getting more in government handouts than the rules say they should. This depresses world prices and makes it difficult, if not impossible, for many third world producers to compete.The Geneva trade boffins ...
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