Tuesday, November 22, 2005

EU sugar subsidies to be phased out?

From the Washington Post - EU Sugar Plans Meet With Resistance
BRUSSELS, Belgium -- European Union plans to phase out subsidies to sugar farmers and cut the price of sugar by 39 percent met with resistance at a meeting of EU farm ministers Tuesday. Failure to reach a deal could cause the EU severe embarrassment at next month's world trade talks, which are aiming to open up global agriculture markets to competition. The EU's head office was forced to propose cuts in its subsidy system after a successful World Trade Organization challenge by Australia, Brazil and Thailand.
Well, Michigan sugarbeet farmers aren't the only ones having a hard time.

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