1. Changes in tariffs and export subsidies might be used. 2. In order to compensate firms for the loss of their retention rights, the federal government set up a scheme of export subsidies. 3. The U.S. wants big cuts in European agricultural export subsidies, but this is meeting resistance. 4. At the end of October the Department of Agriculture called for the elimination of all export subsidies on US agricultural produce within five years. 5. The Commission of the European Communities refused to single out farm export subsidies as a specific target for reform. 6. It would also have to be decided whether direct income payments and other forms of support for farmers would be exempt or would be considered to be export subsidies. 7. The Financial Times report maintained that the deal should all but eliminate cereal export subsidies -- the real rock on which the Uruguay Round foundering. 8. Under the CAP, export subsidies are given to bring EC prices down to world prices. 9. Australia, it asserted, is violating a prohibition on export subsidies for leather used in automobiles by providing loans and grants to the industry. 10. Beijing committed itself to end export subsidies and open its markets more fully to American farmers, telecommunications companies and financial institutions. |