»»US and EU Must Cut Domestic Agricultural Support - WTO Says
The United States must limit agriculture subsidies to $19 billion.
Crawford Falconer, the chairman of the WTO’s special committee on agriculture said Monday, the United States must cut domestic agricultural support and trade distorting measures to below 19 billion dollars (14 billion euros).
The European Union, meanwhile, could cut its own overall trade distorting domestic support by a minimum of 70 percent, and possibly up to 75-80 percent, Crawford Falconer added.
A 75 percent cut in support measures conditionally offered by the EU would amount to some 27.5 billion euros.
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