European Union and U.S. leaders though have agreed to seek ways of resolving the deadlock over global trade talks, but no major breakthrough is in sight yet. It is like business as usual when both the parties say that they are agreed to seek news ways without mentioning what differences have been na[...]
Posts Tagged ‘Farm Subsidies’
July 5th, 2012 - 11:14 am § in News Of Economy
EU-US talks for global trade fails to yield, but hope remains
July 5th, 2012 - 11:13 am § in News Of Economy
Canada launches trade offensive against US Farm Subsidies
Canada has launched fresh trade offensives against the U.S. over the subsidies the U.S. government provides to its farmers. Canada has alleged that the practice of providing billions in subsidies to farmers through U.S. farm bills has created unfair market advantage for the U.S. at the expense of Ca[...]
June 27th, 2012 - 10:59 am § in News Of Economy
Failure of Doha round will unleash legal trade battles between countries
In case of failure to revive global trade talks after World Economic Forum meeting in Davos this week, there are ample chances that legal challenges would be unleashed over existing trade arrangements. True to the fact, a failure of Doha round would give a free rein to costly legal challenges to man[...]
June 25th, 2012 - 10:56 am § in News Of Economy
World leaders committed to revive Doha round
World Trade Organization Doha talks is not dead yet and there are strong signals given by the member countries to resume talks over the deal in the recently held meeting of leading commerce ministers in Davos. WTO Director General Pascal Lamy, leading trade negotiators from the U.S. and the European[...]
June 20th, 2012 - 10:49 am § in News Of Economy
Bush administration proposes cut in farm subsidies
The Bush administration has finally drafted a legislation that aimed at reducing subsidies to farmers by $10 billion over the next five years. The recent proposal also include cutting off payments to wealthy farmers. However, the proposal is subject to approval by Congress. The new legislation would[...]
June 19th, 2012 - 10:47 am § in News Of Economy
U.S. farm bill proposals meet fierce criticism, not enough to revive Doha round
The recent proposal over farm subsidy by the U.S. government came under fierce criticism in Europe for not reducing subsidies enough to ensure breaking the deadlock in global free trade talks. The European Union in response to the proposal said that the U.S. needs to make more ambitious subsidy cuts[...]