Posted on 26/07/08
FIVE THINGS: THE DOHA TRADE TALKS
1 FARMINGThe United States, the European Union and other rich countries are offering to cut farm subsidies and import tariffs to allow developing countries to export more and encourage agribusiness in poor countries. The paper that emerged yesterday includes a further cut in the cap on contentious U.S. subsidies to $14.5-billion (U.S.). It also changes proposals allowing developing countries to shield their farm sectors from the full force of tariff cuts, even as they try to limit the ability of the rich countries to shield their "sensitive" farm products - beef, dairy, poultry and rice.
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