Alexandre Fenelon wrote:
 
> -For strategic reasons they canīt afford their agriculture being ruined
> -by cheap 3rd world products. I donīt like the subsidies, but I doubt
> -they will be ever lifted. And if the lifting of their subsidies is
> -conditioned to continued openess of third world countries to imports
> -and foreign investment from rich countries, then I would say it is
> -a very bad settlement to us.

My impression is that a vast majority people in agriculture in the "Third World" consists of farm labourers/marginal peasants who buy food and don't grow and sell it. (At least that's how things are in India. I don't about Brazil.) Would they not benefit if food prices were to fall?

Ulhas