27 February 2007 Blog Home : February 2007 : Permalink
There’s something funky going on in the European Union’s trade regime. According to a new report from the World Trade Organization - yes, it is good for something even while negotiations are stalled - the union’s average tariff on crops rose to 18.6 percent from 16.5 percent two years earlier. [...] In addition, the WTO report states that the EU’s export subsidies - an instrument of trade distortion - make up 90 percent of all export subsidies paid by the WTO’s members.
I thought we were supposed ot have reformed the thing. Obviously not or at least not enough.