THE EUROPEAN Union is pressing for the ongoing World Trade Organisation round in agricultural goods to lead to a reduction in export credits for food products, that are currently unregulated by world trade rules.

EU chief negotiator David Roberts has offered to maybe trim Europe's export subsidies under a new WTO Agreement on Agriculture, if other countries - notably the USA - consider reducing loans such as export credits.

He said: "We must ensure a balanced result on export competition, which will need to address all forms of ...

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