Developed Nations Urged to Cut Subsidies

New study shows U.S., EU move to cut farm supports would boost world farm trade by $20 billion.

A study by the Australian Bureau of Agricultural and Resource Economics released ahead of the 25th anniversary of the Cairns Group of agricultural nations, suggests changes in rules could boost trade among those farm nations in the next decade.

According to wire reports from Australia, Trade Minister Mark Vaile was pushing U.S. and EU trade ministers to restart the Doha Round of trade talks. He issued invitations beyond member of the Cairns Group to the event this week in an apparent bid to provide a meeting place for nations to try to rescue the World Trade Organization talks.

Vaile called on the United States, Europe and other countries with "high levels of support" to look beyond the demands of special interest farm lobbies and to "stand up for their consumers," according to one report.

Ag Secretary Mike Johanns and U.S. Trade Representative Susan Schwab are on hand for the Cairns Group event as is Peter Mandelson, European Commission trade representative.

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