Perspective on the U.S. to WTO notification on farm subsidy spending.
In the Doha round of WTO negotiations, the U.S. has offered to
limit amber-box payments to $7.6 billion. But, based on the WTO filing
on farm subsidies last week, U.S. amber- box payments would ha e
surpassed that mark in five of the last eight years, according to U.S.
trade negotiator Joe Glauber. He also says our spending on overall trade
distorting domestic supports would ha e been beyond the upper end of the
Doha-proposed limit of $16.1 billion in se en of the last eight years.
Glauber says despite charges to the contrary this means U.S. farm
payments would be cut under either U.S.-proposed spending limits or the
current offer on the negotiating table from the WTO.