Russia Pledges To Cut Farm Subsidies In WTO Bid

Law360, New York (September 28, 2010, 5:08 PM EDT) -- Russia has reportedly agreed to chop agricultural subsidies by more than half during the next seven years to help its chances of joining the World Trade Organization.

Russian Minister of Agriculture Yelena Skrynnik was quoted Tuesday in the daily newspaper Kommersant as saying state support for agriculture -- a key point of contention in negotiations to add Russia to the WTO -- would remain at its current level of $9 billion a year until 2012, but then drop to $4.4 billion by 2017, according to a...
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