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Latest Subsidy Stories

2006-05-24 16:01:55

By Lesley Wroughton ACCRA (Reuters) - After a successful campaign to cancel the debts of some of the world's poorest countries, rocker-activist Bono is about to take on the world's powerbrokers to improve the terms of trade for Africa. On the last stop of a six-nation African tour, Bono said on Wednesday there was a new mood of optimism on the continent and new entrepreneurs were emerging, but farm subsidies and other trade barriers in large markets like the United States and Europe...

2006-05-16 14:50:59

WASHINGTON (Reuters) - The United States warned the European Union on Tuesday that giving Airbus more government loans would worsen a dispute over aircraft subsidies and hurt chances of reaching a negotiated settlement. "The United States has made it clear for over two years now that launch aid for the A350 is unacceptable," said Neena Moorjani, a spokeswoman for the U.S. Trade Representative's office, referring to reports European governments might provide new loans to help Airbus...

2006-04-08 06:40:15

MOSCOW (Reuters) - Thousands of Russians left behind by their country's economic boom came out onto the streets on Saturday to protest at what they said was the widening gulf between rich and poor. Demonstrations were held in cities from the Pacific coast to Moscow over a phasing out of Soviet-era subsidies that has driven up household bills to a level where pensioners and the poor say they can no longer afford to pay them. Russia is enjoying a boom fueled by high prices for its...

2006-04-03 15:39:15

By Sophie Walker WASHINGTON (Reuters) - World trade talks made "imperceptible" progress on the subject of slashing farm subsidies during a weekend meeting in Rio de Janeiro, a senior U.S. trade official said on Monday, with countries still not offering specific proposals even at this late stage. With a deadline of April 30 looming large, top negotiators from several member countries of the World Trade Organization are now heading back to Geneva for an intensive week of discussions...

2006-02-21 18:46:47

By Doug Palmer WASHINGTON (Reuters) - Top U.S. and European trade officials began two days of talks on Tuesday, under pressure to bridge differences on farm issues blocking a world trade pact and to keep bilateral disputes from poisoning the atmosphere. The meeting in Washington between U.S. Trade Representative Rob Portman and EU Trade Commissioner Peter Mandelson comes with negotiations aimed at reaching a new world trade agreement by the end of this year already badly behind...

2006-01-24 19:08:43

WASHINGTON (Reuters) - Democratic state governors on Tuesday urged President George W. Bush to adopt their proposal for $51 billion in annual federal subsidies for health care, alternative energy and education, saying it would improve America's global economic competitiveness. Joining a chorus of Democrats highlighting alternative agendas ahead of Bush's State of the Union speech next week, Pennsylvania Gov. Ed Rendell said the United States is falling behind other nations in trade...

2005-12-16 22:08:08

By Paul Taylor and Marcin Grajewski BRUSSELS (Reuters) - European Union leaders agreed a long-term budget on Saturday after Britain trimmed its cherished EU rebate to help boost overall spending in the 25-nation bloc, EU president Britain said. The deal came after Britain agreed to cut its rebate by 10.5 billion euros ($12.57 billion) over seven years and proposed a 2007-2013 budget of 862.3 billion euros, or 1.045 percent of EU output, up from 1.03 percent in an earlier proposal....

2005-12-16 21:14:13

By Paul Taylor and Marcin Grajewski BRUSSELS (Reuters) - European Union leaders agreed a long-term budget on Saturday after Britain trimmed its cherished EU rebate to help boost overall spending in the 25-nation bloc, EU president Britain said. The deal came after Britain agreed to cut its rebate by 10.5 billion euros ($12.57 billion) over seven years and proposed a 2007-2013 budget of 862.3 billion euros, or 1.045 percent of EU output, up from 1.03 percent in an earlier proposal....

2005-12-16 07:32:03

By Doug Palmer HONG KONG (Reuters) - The United States believes countries can set a date this week to eliminate agricultural export subsidies, despite EU complaints others have not moved far enough, U.S. Trade Representative Rob Portman said on Friday. "I hope we can do export subsidies. I think there's still a shot at that," Portman told Reuters in an interview at a World Trade Organization meeting in Hong Kong, where countries hope to make progress toward a final free trade deal by...

2005-12-16 08:20:00

By James Knight and Katrina Manson HOUNDE, Burkina Faso (Reuters) - Bent double beneath the harsh midday sun, seven women with babies tightly bound to their backs pluck at clusters of "white gold." They have begun the grueling six-month cotton harvest in Burkina Faso, Africa's largest producer, where 3.5 million people depend on the rise-and-fall of world cotton prices. Cotton is Burkina's lifeblood, making up almost a third of the West African country's economy and more than two-thirds of...