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Mysteries of Trade Diplomacy.
Title: Mysteries of Trade Diplomacy.
Category: Business & Economy / Global Economy
Details: Words: 866 | Pages: 3.7 (approximately 235 words/page)
Mysteries of Trade Diplomacy.
This will be registered as one of the biggest mysteries in the history of trade diplomacy: On Aug. 13, 2003--a month before the WTO Ministerial Conference meeting in Cancún, Mexico--American trade negotiators suddenly decided the U.S. should join the EU's exclusive club of rich countries for perpetual agricultural protectionism. On that date a joint U.S.-EU proposal on agriculture, offered as a means of breaking the deadlock of the WTO Doha Round, …showed first 75 words of 866 total…
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…showed last 75 words of 866 total…fully separate their farm subsidies from production, reduce the monetary value of those subsidies to a reasonable level and significantly lower barriers to agricultural imports. Nobody questions the right of rich countries to give a fair amount of their taxpayers' money to their farmers. What is wrong is to give subsidies in a way that, by severely distorting international agricultural markets, unfairly impedes other countries' exports and impoverishes even more poor farmers in developing countries.
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