Today, the sixth annual W.T.O. Ministerial meeting gets underway in Hong Kong. On the agenda: The Doha Developmental round of trade negotiations.
This is a good time to briefly discuss some of the technical issues associated with the talks, and what these specific rules could mean for future U.S. domestic farm policy.
Although it’s easy to speak generically about “farm subsidies,” it’s very important to remember that the W.T.O. classifies subsidies into three specific categories- or “boxes.”