U.S. Offer Of Farm Cuts Underwhelms At WTO Meeting

Law360, New York (July 23, 2008, 12:00 AM EDT) -- As a starting point for negotiations at World Trade Organization meetings in Geneva on Tuesday, the United States offered to lower the subsidies it pays to farmers to $15 billion, an offer that has reportedly struggled to pass the “laugh test.”

On the second day of the negotiating session, Ambassador Susan Schwab, the U.S. trade representative, said the U.S. was willing to drop U.S. farm subsidies.

“This is a major move, taken in good faith with an expectation that others will reciprocate and step forward with...
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