US FARM BILL WILL MAKE WTO DEAL DIFFICULT SAYS EUROPEAN COMMISSION
January 1st, 2009
BY KEITH NUTHALL
THE UNITED States is moving towards food industry protectionism, the European Commission has warned in an analysis of the USA's 2008 farm bill. It comes as the European Union (EU) has reacted angrily to US Congress plans to reserve steel purchases in President Obama's economic stimulus plan to American manufacturers. On the farm bill, the Commission said because the new Average Crop Election Programme (ACRE) locks in 2007-8 price increases in subsidy allocation, "if there is a high take-up and if prices fall, then expenditure could increase ...
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