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 EU ag faces 'huge losses' in WTO deal 

EU ag faces 'huge losses' in WTO deal

16/07/2008 7:22:00 PM
The agriculture sector in the European Union will face "huge losses" if proposals go ahead which are now before negotiators in World Trade Organisation talks, Europe's main farm and cooperative groups have warned.

The EU's farm lobby COPA said a draft 'modalities' package circulated by the WTO last week could cost the 27-nation bloc 500,000 jobs and some €30 billion in losses annually.

The head of the organization representing Europe's cooperatives, COGECA, said the entire agriculture sector will be hit by the WTO proposals.

"There will be serious knock-on effects for the food sector and for employment," said Gert Van Dijk, COGECA president.

"The meat processing sector will be particularly badly hit and overall we estimate job losses of half a million at the very least. Nor will there be benefits for EU industry or services."

Trade and agriculture ministers from the WTO's 152 member governments are trying to agree on the framework for subsidy and tariff cuts in agriculture and industrial products before the end of this month.

Officials say they will then need until the end of this year to complete all details in the Doha Round talks.

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Comments


Date: Newest first | Oldest first
So the europeans fear the wrong end of the pineapple. Welcome to the world of no subsidies.
Posted by THE FARMER on 17/07/2008 6:52:14 PM
Any imposition of further costs on agriculture will reduce food production. At the present time we see food shortages. If this program goes ahead those shortages will get worse. Whatever the bookworms might say, the people will not be happy.
Posted by Ted O'Brien on 24/07/2008 12:51:48 PM

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