WTO ROUND
January 1st, 2003
BY KEITH NUTHALL
THE EUROPEAN Commission offered the US and other key trading partners at the WTO agricultural talks a 55 per cent cut in "trade distorting domestic farm support" subsidies, if they reciprocate with similar reductions. Brussels has also offered to cut its import tariffs on agricultural goods by 36 per cent and export subsidies by 45 per cent, while offering duty and quota free access for exports from least developed countries.
THE EUROPEAN Commission offered the US and other key trading partners at the WTO agricultural talks a 55 per cent cut in "trade distorting domestic farm support" subsidies, if they reciprocate with similar reductions. Brussels has also offered to cut its import tariffs on agricultural goods by 36 per cent and export subsidies by 45 per cent, while offering duty and quota free access for exports from least developed countries.
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