U.S., Europe talking again over farm deal AM Edition

This time, however, the stakes are higher for the negotiators. The EC is facing punitive U.S. tariffs on $300 million (U.S.) of its exports, mainly French wine, if some farm subsidies are not removed by a Dec. 5 deadline. Officials say an end to the U.S.-EC farm dispute and a broad agreement on refo...

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Bibliographic Details
Published inToronto star
Main Author Robert Trautman REUTERS NEWS AGENCY
Format Newspaper Article
LanguageEnglish
Published Toronto, Ont Torstar Syndication Services, a Division of Toronto Star Newspapers Limited 16.11.1992
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WASHINGTON
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Summary:This time, however, the stakes are higher for the negotiators. The EC is facing punitive U.S. tariffs on $300 million (U.S.) of its exports, mainly French wine, if some farm subsidies are not removed by a Dec. 5 deadline. Officials say an end to the U.S.-EC farm dispute and a broad agreement on reforms could boost world trade by $200 billion (U.S.) a year. When talks on the issue of oilseed subsidies collapsed in Chicago early this month, [Carla Hills] announced the punitive duties to help compensate for the $1 billion (U.S.) in sales the United States says its farmers are losing because of European subsidies.
ISSN:0319-0781