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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (43307)	5/10/2004 3:53:36 PM
From: LindyBill	Read Replies (1) \| Respond to of 793727

Tell Me Something Good VodkaPundit Is the EU ready to do something sensible? Read and judge: breaking.examiner.ie A European Union offer to stop subsidising farm exports was hailed this afternoon as a boost for the world’s poor. Aid agency Oxfam said ending the long-standing system – a cornerstone until now of EU agriculture policy – would not only revitalise stalled world trade negotiations, but give less-developed nations a chance to compete once more in their own markets. The subsidy system has been under fire for years as a multi-billion euro prop enabling EU farmers to dump cheap produce at artificially-low prices. The European Commission spends about €45bn a year on the policy - but today EU trade Commissioner Pascal Lamy said Europe was ready to abandon it altogether as long as other World Trade Organisation (WTO) nations, chiefly American, Canada and Australia, do too. If the EU is serious, let's hope the pressure works, and the US and Canada drop their equally-reprehensible agriculture subsidies. Doing so would reinvigorate the expansion of free trade, give poor countries a chance to compete, and save US, EU, and Canadian citizens billions of dollars in taxes and food prices.