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The European Union is reintroducing trade distorting subsidies.
"Import substitution subsidies are particularly harmful and inherently trade distorting, which is why they are expressly prohibited under W.T.O.
Trade distorting subsidies would be cut by 70-80% and agricultural tariffs would be reduced by between 50-60%.
Global Sustainability Panel: "Phase out fossil fuel subsidies and reduce other perverse or trade distorting subsidies by 2020".
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About 90percentt of our payments to farmers are now non-trade distorting.
A decade ago, over 90% of Europe's farm subsidies were highly trade-distorting.
The first objection would fall so long as income aids were decoupled from production, though they would need policing to ensure they were not trade-distorting.
Further effective disciplines are needed to ensure that domestic support measures are minimally trade-distorting.
Meanwhile, industrialized countries must reduce, and eventually end, trade-distorting agricultural subsidies.
It also lacked a pledge to reduce over time or to even cap the amount of aggregate subsidies, trade-distorting and non-trade-distorting, to farmers.
The CAP has already largely shifted away from trade-distorting production subsidies towards direct income payments.
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CEO of Professional Science Editing for Scientists @ prosciediting.com