ELIMINATION OF EXPORT SUBSIDIES – 06 OCTOBER

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ELIMINATION OF EXPORT SUBSIDIES - 06 OCTOBER
06 Oct 2017

ELIMINATION OF EXPORT SUBSIDIES – 06 OCTOBER

Brussels, Brussels Daily, IFA in Brussels

EU leads the way by eliminating export subsidies ahead of WTO conference in Buenos Aires

The EU has taken the final formal step to implement the decisions taken at the Nairobi World Trade Organisation (WTO) Ministerial Conference in 2015 on eliminating farming export subsidies – one of the first WTO Members to do so.

The EU today submitted its revised goods schedule to the WTO which, on top of reconfirming the elimination of export subsidies, also includes the outcome of other recent negotiations, including those linked to EU enlargements.

This will bring the commitments on things like tariffs and farming subsidies that the EU and the 28 Member States have toward our trade partners up to date under WTO rules. This is ahead of the next Ministerial Conference which will take place in Buenos Aires from 11 to 14 November 2017.

The decision to eliminate farming export subsidies was taken by Trade Ministers in December 2015 during the 10th WTO Ministerial Conference in Nairobi, Kenya. The decision, apart from eliminating farming export subsidies, also introduced new rules regarding other types of farming export support, including export credits.

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