EU’s export refunds on wheat criticised by big farming nations
A group of major farming nations at the World Trade Organisation has warned the European Union that its decision to re-introduce export refunds on wheat undermines global trade talks. The
The group, comprising Australia, Brazil, Canada, New Zealand, Indonesia, Malaysia, New Zealand, the Philippines, South Africa and Thailand among others, supports the elimination of export subsidies crucial to global trade talks.
"The EU's reversal of direction on export refunds sends a poor signal at a time when leadership from the major WTO members is critical to moving the negotiations forward," the Cairns Group said in a statement.
The European Commission is said to have acted in the interest of
Agricultural export support paid in rich countries has been blamed for undercutting the price of poor nation produce on world markets and artificially encouraging over-production in some economies like the EU and the
