Corn+Soybean Digest

EU TO REFORM AG POLICY

The European Union (EU) member states reached an agreement to delink, or separate, farm subsidies from production and gradually reduce those subsidies by 5%. The agreement represents a significant change in the direction of EU farm programs. But the U.S. government insists the EU still has a long way to go to bring about reform among all ag trade partners who participate in the World Trade Organization.

In a joint statement, Secretary of Agriculture Ann Veneman and U.S. Trade Representative Robert Zoellick, say, β€œThe next critical step is for the EU to promptly translate the decision into meaningful WTO proposals:

  • harmonizing and substantially reducing trade-distorting domestic supports,

  • eliminating export subsidies, and

  • substantially improving market access through tariff reductions.”

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