EXPORT SUBSIDIES/ COMPETITION Sample Clauses

EXPORT SUBSIDIES/ COMPETITION. Export subsidies" is the third pillar of the Agreement on Agriculture. The 1995 Agreement on Agriculture required developed countries to reduce export subsidies by at least 36% (by value) or by at least 21% (by volume) over the six years. In the case of developing country Members, the required cuts are 14% (by volume) and 24% (by value) over 10 years.10 The above shows that developing countries are subjected to the same disciplines to liberalise their agriculture sector as the developed countries, the only concession being slightly lower reduction rates and slightly longer time schedules. The LDCs do not have to reduce their tariffs or subsidies, but they are also committed not to raise them. Thus, developing countries have to abide by a programme of liberalisation.11 11 xxx.xxxxxxx.xxx.xx/xxxxx0/xxxxxxxxx/XXXXXXXXX ON AGRICULTURE FAO.doc (visited on 12/05/2014)
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Related to EXPORT SUBSIDIES/ COMPETITION

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