Financial Times FT.com

US urged to act on farm subsidies

By Doug Cameron in Chicago

Published: September 27 2006 15:33 | Last updated: September 27 2006 15:33

The US should offer to end distorting farm subsidies within five years in a bid to revive global trade talks and avoid a clampdown by the World Trade Organisation, according to a report released on Wednesday by an influential group of economists and agriculture officials.

Agricultural subsidies have emerged as the key barrier to progress in the stalled Doha round of multilateral trade talks, though such unilateral action by the US would face fierce opposition as the administration weighs new farm legislation next year.

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