THE EUROPEAN Commission has set out its stall at the World Trade Organisation's agricultural liberalisation talks, offering the US and other key trading partners the carrot of a 55 per cent cut in "trade distorting domestic farm support" subsidies, if they reciprocate with similar reductions. The proposal will intensify these negotiations - held under the umbrella of the WTO's Doha Development Round - with arguments doubtless focusing on what "trade distorting domestic" aid actually means. Brussels has also offered to cut its import tariffs ...

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