December 9, 1988 |
Efforts by the world's trade ministers to jump start the stalled Uruguay Round of global trade-liberalization talks ended in disarray Thursday as an impasse between the United States and Europe over how far to go in reducing farm subsidies blocked progress on several other key issues.
June 22, 1988 |
Leaders of the seven largest industrial democracies, ending their three-day annual economic summit Tuesday in the harmony that prevailed from the beginning, reached a broad agreement on economic issues that included a stronger-than-expected call to reduce global agricultural subsidies. The agriculture accord represented a solid achievement for the Reagan Administration, which complained that massive government payments to farmers lead to vast overproduction.
July 19, 1987 |
More bad news on trade. The deficit rose in May as imports grew faster than exports. And agricultural exports, once a star performer in U.S. trade, slipped a little--continuing a downward trend. Agricultural exports so far this year trail those of 1986, and last year saw the worst showing in a decade for trade in farm produce. The trend is doubly disappointing because it persists despite a 2-year-old program of U.S. government subsidies designed to spur exports. Subsidies to U.S.
February 3, 1989
Agriculture Secretary-designate Clayton K. Yeutter, warmly praised by senators at his confirmation hearing, made clear that he will push for a major overhaul of farm subsidy programs. But proposed changes must await the outcome of the Uruguay round of trade talks, the former U.S. trade representative told the Senate Agriculture Committee. Senators lauded Yeutter for helping to increase exports of beef, citrus and processed food to Japan and tobacco to several Asian countries.
December 20, 2001 |
Senate Democrats on Wednesday abandoned their efforts to pass a $73.5-billion farm subsidy bill before the end of the year in the face of stiff opposition from Republicans who regard the measure as too costly and contrary to free trade. The Senate's Democratic leaders raised the white flag after failing for the third time in as many weeks to secure the 60 votes they needed to cut off debate and bring the measure to a final vote.
November 7, 1990 |
The 12-nation European Community approved a plan for moderate reductions in farm subsidies, resolving an impasse that had threatened to scuttle next month's world trade talks. The accord, reached in Brussels after six previous failed attempts, calls for trimming government payments on major farm crops by 30% over 10 years starting in 1986. Some cuts have already been made.
September 19, 1986
Leaders of the European Community warned their Common Market partner that the subsidies threaten to torpedo a new round of comprehensive global trade talks being discussed at Punta del Este, Uruguay. The meeting of the 92-nation General Agreement on Tariffs and Trade deadlocked while trying to set an agenda for the new round proposed for Geneva next year. France has sought to keep farm subsidies off the agenda, but European and U.S.
September 20, 1990 |
U.S. Trade Representative Carla Anderson Hills said Wednesday that the European Community's new offer to cut farm subsidies at GATT world trade talks did not go deep enough. She said the EC offer would amount to about 10% in new cuts up to 1996, compared to a new U.S. offer in the pipeline of more than 70% during the next decade.
September 18, 1990 |
The Bush Administration, softening its position in global trade talks, said today it is now prepared to allow some trade-distorting farm subsidies in a new accord to liberalize international trade. U.S. Trade Representative Carla A. Hills told a news conference that the United States will soon make a revised agricultural proposal at talks being held under the auspices of the General Agreement on Tariffs and Trade that will no longer insist on eliminating farm subsidies.
April 9, 1988 |
Industrialized nations producing agricultural surpluses should make a "substantial reduction" in subsidies paid to farmers, the chairman of the World Food Conference recommended Friday at the end of a two-day meeting. "There is no more appalling spectacle than the contrast between the surpluses of industrialized countries and the deprivation and malnutrition of millions in the Third World," said Lord Plumb of Britain, the conference chairman and the president of the European Parliament.