India Criticizes U.S. and EU Subsidization of Agriculture
India's Ministry of Commerce and Industry has issued a press release on U.S. and European Union subsidization of agriculture, which it describes as a substantial trade distortion. The Ministry quotes Organization for Economic Development and Cooperation statistics which put the…
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level of support of agricultural producers at 9% in the U.S. in 2007-09 (expressed as a percentage of producer revenues) and 23% in the EU. The Ministry states that if the key, draft WTO proposals on agriculture are ever agreed to, the EU and U.S. would be required to reduce their levels of support to farmers by 55%-80%.