Wednesday, April 28, 2004

Those Illegal Farm Subsidies


America's lavish handouts to its farmers harvest poverty throughout the developing world. And they are illegal as well. That's the conclusion of a World Trade Organization panel that heard Brazil's challenge to the cotton subsidies that belie this nation's commitment to free and fair trade.

The W.T.O.'s talks on the further liberalization of trade faltered over the subsidy issue at CancĂșn last year, but this week's ruling will vastly strengthen the position of Brazil and others advocating the dismantling of agricultural subsidies that distort trade. The sooner they prevail, the better.

No comments: