WTO ROUND

BY KEITH NUTHALL
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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