Down on the Farm? Assessing the Prospects for Global Agricultural Trade Liberalization
Members of the World Trade Organization are preparing for a crucial July meeting to hammer out a framework for an agreement to lower global trade barriers and subsidies for agriculture. Meanwhile, a WTO panel has ruled that the U.S. cotton program violates international trade rules, signaling that other U.S. farm support programs could be challenged. And the European Union’s chief trade minister has now offered to put all of the EU’s distorting export subsidies on the table. What do all of these developments mean for the prospects of real progress in liberalizing global farm trade? Three experts will offer differing perspectives on what should be done -- and what likely will be done.