News

WTO a step nearer to export subsidies abolition

12/08/2004

After a long and arduous two weeks of negotiations, on 31 July 2004 the 147 member governments of WTO agreed on a framework package to keep the Doha Round of free trade negotiations active.

 

Director General of WTO, Dr Supachi Panitchpadki, said: “For the first time, member governments have agreed to abolish all forms of agricultural export subsidies by a certain date. They have agreed to substantial reductions in trade-distorting domestic support in agriculture.”

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