China and India are calling for an end to farm subsidies by others, including the European Union and the United States. India-based newspaper Live Mint, a collaboration with the Wall Street Journal, reports China and India have jointly proposed the elimination of $160 billion of farm subsidies in the U.S., European Union, and other wealthy nations. The move comes months before the World Trade Organization is set for annual ministerial meetings in December. At issue is the Aggregate Measurement of Support, which China and India call the “most trade distorting element in the global trade in agriculture,” referring to allowable domestic support measures.
From the National Association of Farm Broadcasting News Service.