Agricultural subsidies targeted; Challenges at WTO likely to be aimed at specific commodities.(BUSINESS)

The Washington Times | December 8, 2003 | Copyright

Byline: Jeffrey Sparshott, THE WASHINGTON TIMES

U.S. and European agricultural subsidies, worth billions of dollars to farmers, will be open to attack at the World Trade Organization as soon as next month.

Trade analysts do not foresee an onslaught of disputes but do expect some countries to challenge subsidies on specific commodities or to throw up barriers against subsidized products. The threat of a WTO case also offers leverage in ongoing trade negotiations.

"I think U.S. and European subsidy policies are subject to legal challenge at the WTO. ...

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