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wto: WTO chief urges resolution on distortive agriculture subsidies

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Washington: Massive agricultural subsidies, particularly these utilized in wealthy nations, proceed to distort international commerce and create unfair competitors for farmers in poor nations, WTO chief Ngozi Okonjo-Iweala stated Friday.

“We have a really large downside,” she stated, urging nations to discover a answer as home agricultural subsidies “are rising in leaps and bounds.”

The feedback, made throughout a dialogue with World Bank President David Malpass, come as the worldwide commerce physique works to achieve a deal on the problem on the upcoming ministerial assembly in Geneva in late November.