cover image: After Hong Kong : Potential impacts of the WTO Doha Round

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After Hong Kong : Potential impacts of the WTO Doha Round

10 Apr 2006

This follows from: o The reduced limits discussed above and, o The potential liability, if market prices fall, given the structure of the loan deficiency and counter cyclical components of the program and, o The fact that the US lost the WTO cotton case and, o Commodity specific payment limits • This will reduce pressure on Canadian farmers because of production distorting incentives in the US pro [...] The above implies that any of the proposals would substantially reduce the scope for production and trade distorting subsidies by the US, especially in view of the loss of the WTO cotton case by the US. [...] The rows of the table outline the various aspects of domestic support; the columns of the table present the positions of each of the US, the EU, and the G-20 group of agricultural trading countries with respect to how much each of the various countries should reduce their support to farmers. [...] The negotiations envisage a cut in AMS by the US of 60-70% and 70-83% by the EU, as well as a cut in ODS by 53-75% by the US and 70- 80% by the EU. [...] The de minimis level is defined as a percentage of the value of production for the product concerned (or the total value of agricultural production for the non-product-specific measures).
agriculture politics economy export tariff international trade trade agreements business exports free trade government policy imports international economic relations international relations commercial policy foreign trade regulation economic sector wto uruguay round agricultural subsidy doha round doha development round wto doha round farm subsidies global business organization subsidized futures exchange export-oriented agri-food products export-oriented industrialization

Authors

Martin, Larry

Pages
33
Published in
Canada

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