March 26, 2004

The News Today

GENEVA, March 25: The United States on Thursday urged developing countries to open up their markets to agricultural imports in exchange for cuts in subsidies Washington pays to US farmers, reports AFP.

US trade negotiator Allen Johnson said on the sidelines of a meeting at the World Trade Organisation that the US was ready to cut subsidies which developing countries blame for undercutting their own farm exports on world markets.

"In the United States, we have subsidies, but our market access barriers are rather low," Johnson told journalists.

Posted by gh at March 26, 2004 09:45 AM