Brussels, Jul 17 (Prensa Latina) The European Union (EU) and Brazil proposed the World Trade Organization to start an initiative to favour the agricultural industry of developing countries, starting from an exention of any state subvention.
In a communique the European Commision explained the proposal advocates to limit the agricultural subsidies distorting trade in proportion to the size of the agricultural sector of any nation.
The text added that the initiative counts the specific needs of developing countries, which would be exempted from any subsidy limit, to permit the development of the agricultural sector.
Regarding this European Agriculture Commissionner Phil Hogan said the EU substantially reformed its agrarian policy, and considered the proposal will be useful to give an example and guarantee equitative conditions for all agricultural producers in the local, regional amd world markets.
Other developing nations will be able to support their agrcultural producers more, and take more time, to adapt, the document said.
Hogan said the proposition counts on the suppoort of Colombia, Peru and Uruguay, and it will be discussed during the 2nd WTO Ministerial Conference in Buenos Aires, Argentina, in December this year.
sgl/tac/oda/tdd
The text added that the initiative counts the specific needs of developing countries, which would be exempted from any subsidy limit, to permit the development of the agricultural sector.
Regarding this European Agriculture Commissionner Phil Hogan said the EU substantially reformed its agrarian policy, and considered the proposal will be useful to give an example and guarantee equitative conditions for all agricultural producers in the local, regional amd world markets.
Other developing nations will be able to support their agrcultural producers more, and take more time, to adapt, the document said.
Hogan said the proposition counts on the suppoort of Colombia, Peru and Uruguay, and it will be discussed during the 2nd WTO Ministerial Conference in Buenos Aires, Argentina, in December this year.
sgl/tac/oda/tdd
Temas Relacionados:
