2006-06-23
Agricultural Subsidies
Ahead of the next round of WTO trade negotiation in Genève, Suisse next week, the OECD released a report on the total amount of subsidy given to agricultural subsidies by all OECD member nations. €225 billion. The distortion created by these subsidies significantly harms farmers in undeveloped nations for whom agriculture is a comparative advantage and poverty is normal. WSJ outlook.
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