Could 2011 be the year when Obama improves his popularity by rescuing the almost moribumd world trade talks to reduce agruculture subsidies? Details here.
Quote:
"The 2008 U.S. offer centered on a 70% reduction to the current $48.2 billion cap on overall trade-distorting subsidies (OTDS) and was deemed insufficient by almost all WTO members.
President Obama should top his predecessor's offer with a new proposed 80% reduction (to $9.64 billion) in OTDS, coupled with a commitment to eliminate all trade-distorting cotton subsidies."
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