U.S. offers farm subsidy cut but is asked for more

by Dave

EcoDiario.es.

“My immediate response is it doesn’t pass the ‘laughtest’,” a senior Indian official told Reuters.

Brazil said it wanted deeper cuts. “This is only the secondday of the talks here, so we imagine there is room formanoeuvre to reduce them further,” a Brazilian diplomat said.

Brazil and India are key to the negotiations because theUnited States and the European Union want big developing economies to open up their markets in industrial goods as well as farm products in return for their agriculture reforms.

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