NY Times hammers EU agriculture reform

The NY Times has meagre praise for the EU reforms

” … the rich world’s reluctance to dismantle market-distorting agricultural policies, like tariffs and subsidies, betrays an unwillingness to make the sacrifices that poorer nations, with less negotiating leverage, have been asked to make in the name of economic orthodoxy. Tellingly, the reform announced recently by European agricultural ministers does not address export subsidies. Nor does it cut the overall amount of farm aid the European Union doles out, a staggering $49 billion a year. Price guarantees for certain commodities also remain in place. “

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