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Latest Subsidies Stories

2005-10-17 12:43:46

By Doug Palmer WASHINGTON (Reuters) - President George W. Bush is expected to urge the European Union to help rescue world trade talks by offering deeper cuts in farm tariffs when he meets with European Commission President Jose Manuel Barroso at the White House on Tuesday, a U.S. official said. "The president will probably reiterate the message he delivered at the U.N. last month that the United States is taking the lead in eliminating trade-distorting agricultural subsidies and I...

2005-10-10 13:56:44

By Sophie Walker WASHINGTON (Reuters) - U.S. farm groups and lawmakers were cautiously supportive on Monday of the Bush administration's proposals to make deep cuts in farm subsidies in exchange for access to new markets, but wanted more detail about any deal before giving a final seal of approval. U.S. Trade Representative Rob Portman said earlier on Monday the U.S. was willing to accept cuts of 60 percent in its most trade-distorting farm subsidies if the European Union and Japan...

2005-10-09 18:20:44

By Sophie Walker and Doug Palmer WASHINGTON (Reuters) - The United States is prepared to cut its most trade-distorting farm subsidies by 60 percent in the next five years and eventually eliminate them but wants deeper cuts by the European Union and Japan, U.S. Trade Representative Rob Portman said on Sunday. Striking a deal to cut rich nations' agricultural supports and tariffs is seen as vital if world trade talks are to make progress in lowering barriers on goods and services...

2005-10-09 16:52:01

WASHINGTON (Reuters) - United States Trade Representative Rob Portman said on Sunday the U.S. was prepared to cut trade distorting farm subsidies by 60 percent over the next five years. In an opinion piece for the Financial Times, Portman said in return for such an aggressive move greater cuts would be required by the European Union and Japan, which have much larger subsidies. Export subsidies should be eliminated by 2010, Portman said in the article due to appear on Monday, a copy...

2005-09-21 13:12:33

By Doug Palmer and Sophie Walker WASHINGTON (Reuters) - The United States will demand other countries make steep cuts in their farm subsidies and tariffs before considering any change to its own programs, the chief U.S. negotiator said on Wednesday as lawmakers mulled how world trade talks could reshape the U.S. farm safety net. U.S. Trade Representative Rob Portman assured wary members on the Senate Agriculture Committee he would insist any new world trade deal provide substantial...

2005-09-14 17:23:18

By Doug Palmer WASHINGTON (Reuters) - The United States and the European Union pledged on Tuesday to resolve agricultural differences blocking a new world trade deal, but said other countries such as India and Brazil must also do their part. "This is not something where we can -- as the EU and the U.S. have unsuccessfully tried in the past -- come up with an agreement for everyone," U.S. Trade Representative Rob Portman said at a briefing with EU Trade Commissioner Peter Mandelson....

2005-09-13 11:20:05

WASHINGTON (Reuters) - U.S. and EU farm ministers will meet on Tuesday to try to find a way of advancing stalled world trade talks, by seeking agreement on how to overhaul their agricultural subsidies. Cutting rich nations' crop and export subsidies is deemed vital if World Trade Organization negotiations are to succeed and allow action on reducing trade barriers in other areas like industrial goods and services. But progress so far has been halting. Though it is hoped that a...

2005-09-11 06:37:29

By Richard Waddington GENEVA (Reuters) - World trade negotiators try from Tuesday to do in three months what they have failed to do in more than three years and clinch a deal to free up global trade. The World Trade Organization's (WTO) Doha Round, launched in 2001, missed its end-2004 target date for conclusion, and member states will now try to wrap up most of the hard bargaining by the time ministers meet in Hong Kong in mid-December. A pact could inject more than $500 billion a...

2005-07-20 09:33:51

By Alistair Thomson DAKAR (Reuters) - Secretary of State Condoleezza Rice used her first trip to Africa on Wednesday to show top level commitment to a U.S. preferential trade deal for the poorest continent. On a trip set to be dominated by efforts to stem bloodshed in the Middle East and Sudan's Darfur, Rice renewed Washington's backing for its African Growth and Opportunity Act (AGOA) at a meeting with the 37 eligible countries in Dakar, Senegal. "Development assistance can be catalytic....

2005-07-19 06:48:23

By Alistair Thomson DAKAR (Reuters) - The United States has told African nations they must await a global trade deal before Washington will cut farm export subsidies, warning that failure at WTO talks in December could see subsidies extended for years. A meeting in Senegal's capital Dakar with the 37 countries eligible for trade perks under Washington's African Growth and Opportunity Act (AGOA) has offered U.S. trade chiefs a chance to explain to African counterparts G8 commitments made...


Word of the Day
attercop
  • A spider.
  • Figuratively, a peevish, testy, ill-natured person.
'Attercop' comes from the Old English 'atorcoppe,' where 'atter' means 'poison, venom' and‎ 'cop' means 'spider.' 'Coppa' is a derivative of 'cop,' top, summit, round head, or 'copp,' cup, vessel, which refers to 'the supposed venomous properties of spiders,' says the OED. 'Copp' is still found in the word 'cobweb.'
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