***** In the Uruguay Round of tariff reductions, concluded in 1994, the West pledged to reduce agricultural subsidies by 36 percent; in return, the developing countries would lower their tariffs on agricultural imports. The developing countries met their part of the bargain by halving their average tariffs. The developed countries reneged: subsidies have in recent years made up almost 40 percent of the value of Western farm output-about the same as when Uruguay started. Of the $90 billion spent on crop supports over the past five years, some $60 billion went to the top 10 percent of recipients-Fortune 500 companies, city-dwelling farm owners, and big agribusiness. The average subsidy to the bottom 80 percent, meanwhile, was $5,830. These subsidies price the developing countries' foodstuffs not only out of possible export markets but also out of their home markets.
<http://www.theatlantic.com/issues/2002/02/beatty.htm> ***** -- Yoshie
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