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Latest Subsidy Stories

2006-07-15 11:42:40

By Tiemoko Diallo BAMAKO (Reuters) - A delegation of U.S. cotton farmers visiting West Africa said Washington's multi-billion dollar subsidies to its cotton industry were worsening hardship in the world's poorest region. During a trip to Mali, West Africa's largest cotton producer, the group of farmers from California, Illinois, Vermont and Kansas witnessed conditions in one of the world' poorest countries. Cotton provides a livelihood for nearly a third of Mali's 10 million...

2006-07-10 06:11:25

FRANKFURT (Reuters) - World Bank President Paul Wolfowitz on Monday urged the United States to break the deadlock in world trade talks by committing to deeper cuts in domestic farm subsidies at the G8 summit next weekend. The St. Petersburg meeting of leaders from the United States, Canada, Russia, Japan, Germany, Britain, France and Italy comes two weeks after trade ministers failed to resolve any differences over farm and industrial goods which, along with services, make up the...

2006-06-30 09:39:55

By Sophie Walker GENEVA (Reuters) - The United States, under pressure on Friday to help break a deadlock in trade talks, defended its planned farm subsidy cuts and said others needed to hack deeper into their import tariffs before it could move more. U.S. Agriculture Secretary Mike Johanns told reporters in Geneva, where World Trade Organization member countries are trying to narrow gaps on farm and industrial trade, the United States was offering "fundamental change" to its...

2006-06-30 08:28:42

By Sophie Walker GENEVA (Reuters) - The United States, under pressure on Friday to help break a deadlock in trade talks, defended its offered farm subsidy cuts and said others needed to hack deeper into their import tariffs before it could move more. U.S. Agriculture Secretary Mike Johanns told reporters in Geneva -- where World Trade Organization member countries are trying to narrow gaps on farm and industrial trade -- that the United States had offered "fundamental change" to its...

2006-06-30 03:55:18

By Richard Waddington and William Schomberg GENEVA (Reuters) - Ministers sought to keep hopes for a world trade deal alive on Friday but key players showed no sign they could narrow their differences that persist after nearly five years of wrangling. The World Trade Organization's Doha round risks running out of time and hopes that this week's gathering might break the deadlock are fading fast. Top negotiators from key WTO members Australia, Brazil, the European Union, India, Japan...

2006-06-28 08:00:53

By Richard Waddington GENEVA (Reuters) - World Trade Organization (WTO) chief Pascal Lamy threw down the gauntlet on Wednesday to ministers gathering for a crucial meeting, saying a deal must come in farm and industrial goods or trade talks could fail. Ministers from some 50 countries -- around a third of the WTO membership -- meet from Thursday under heavy pressure to approve deep cuts to farm subsidies and steeply lower tariffs in agriculture and manufacturing. "In any...

2006-06-22 15:13:47

By Sophie Walker and Doug Palmer WASHINGTON (Reuters) - The United States, under pressure to unblock jammed world trade talks, denied reports it had made a new farm trade offer and said it was still trying to get other countries to match its plan for cracking open agricultural markets. "There is not a new U.S. offer out to the EU or anybody else for that matter," Peter Allgeier, U.S. ambassador to the World Trade Organization, told reporters in a conference call on Thursday. "Our...

2006-06-21 14:47:53

By Doug Palmer WASHINGTON (Reuters) - The United States should "be more relaxed" and do whatever it can to reach a new world trade deal this year, even if it does not get everything it wants, a top trade economist said on Wednesday. "Because after all, we are the big country which can provide leadership," Jagdish Bhagwati, a Columbia University professor of economics and law, said during a Cato Institute discussion on the troubled Doha round of world trade talks. "Rather than try to...

2006-06-14 13:57:07

By Sophie Walker WASHINGTON (Reuters) - The United States Congress will not support further proposals for deeper cuts to U.S. farm subsidies as part of world trade talks, a senior U.S. agriculture legislator said on Wednesday following discussions with World Trade Organization chief Pascal Lamy. "I conveyed to the Director General in no uncertain terms that this is not an option," House Committee on Agriculture Chairman Bob Goodlatte said in a statement. "There is absolutely no...

2006-06-12 13:36:43

By Sophie Walker WASHINGTON (Reuters) - World Trade Organization chief Pascal Lamy met U.S. commodity groups on Monday to hear their concerns about global trade talks where the United States faces pressure to make deeper cuts to its farm subsidies. Lamy declined to comment to reporters on exiting the meeting. He met representatives from crop and dairy organizations, which recently urged President Bush not to give in to other WTO members' demands that the U.S. improve its current...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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