The US is ready to cut back certain farm subsidies by 60 percent within the next five years, its trade representative has said.
In a comment article in Monday’s Financial Times, Rob Portman wrote that Washington has agreed to cut by 2010 those domestic farm subsidies believed to distort world trade.
In a second stage, tariffs should be brought down to zero, he said in the article.
Mr Portman is set to present his proposals on Monday (10 October) at a meeting in Zurich with...
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Already a member? Login hereLisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.
Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.