Summary
GENEVA -- World Trade Organization members approved a plan Sunday to end export subsidies on farm products and cut import duties across the world, a key step toward a comprehensive global accord that has been discussed since 2001, trade officials said.
The deal was approved by a consensus of the 147-nation body shortly after midnight, opening the way for full negotiations to start in September.See the full content of this document
Extract
Wto Moving to End Farm-Export Subsidies
"Developed countries have recognized that agricultural trade with a heavy subsidy component is not free trade," Indian Trade Minister Kamal Nath said.
But Nath said the United States, European Union and other developed countries also will...See the full content of this document
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