What is the gist of the U.S. proposal for agriculture in the negotiations?
The proposal outlines a two-phase approach to agricultural trade reform. The first phase eliminates export subsidies and reduces worldwide tariffs and trade-distorting domestic support over a five-year period. This would be accomplished by harmonizing tariffs and trade-distorting domestic support at substantially lower levels than what is currently allowed. The second phase is the eventual elimination of all tariffs and trade-distorting domestic support.
