The WTO Annual Review highlights continued distortions in agricultural trade
MetadataShow full item record
CTA. 2002. The WTO Annual Review highlights continued distortions in agricultural trade. Agritrade, December 2002. CTA, Wageningen, The Netherlands.
Permanent link to this item: http://hdl.handle.net/10568/52549
The WTO director-general's Annual Report on...
The WTO director-general's Annual Report on 'Development in the International Trading Environment' highlights how agricultural subsidies in the developed economies 'distort markets at home and the world' and how the agricultural sector is subject to 'tariff peaks'. The report is critical of the use of 'special duties' and points out that in the EU the producer-support estimate (a measure of the level of subsidisation) rose from 34% of the value of total farm receipts to 35% and that the EU now accounts for fully 40% of all the subsidies provided to the world agriculture sector. It concludes 'the continued dominance of the most distortive forms of support means that farmers in many OECD countries remain largely insulated from world market signals' and points out how this constrains agricultural growth and development in non-OECD countries.