AGRICULTURAL SUBSIDIES
“Time” magazine, Canadian edition, has recently published an article on U.S. agricultural subsidies titled “Why our Farm Policy is Failing”, November 2nd, 2007. (a) Examine the GATT/WTO regulations concerning agricultural subsidies (origins, implementation, existing subsidy values). (b) Discuss why the US farm policy is failing. (c) Why were the WTO 2005-6 meetings a failure? What were the main issues and reasons?
