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Wednesday, November 06, 2002

The Foreign Policy Centre have produced an interesting report on the future of farm subsidies. Farm subsidies are topical on a remarkable number of fronts just now due to tensions between many of the world's major powers, trading blocks and geographical regions...

Tony Blair's recent row with France's President Chirac regarding the future funding of the Common Agricultural Policy + EU Enlargement was merely the latest incarnation of tensions that have rumbled on for many years... and in particular since the Jo'burg World Summit highlighted the impact of "perverse subsidies" on fair trade + economic development and free trade negotiations at the WTO were complicated by the US announcing plans for $190 billion of US farm subsidies over the next 10 years.