EC Offers Farm-Support Cuts: The European Community,...
From Times Staff and Wire Reports
EC Offers Farm-Support Cuts: The European Community, striving to keep world trade talks alive, proposed a 30% reduction in its farm support and signaled that it could negotiate on a key U.S. demand for cuts in controversial export subsidies. But Washington has already said it wants the next round of global trade negotiations to slash internal support by up to 70% and even more from programs to offer cut-price exports.
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