Farmers await WTO meeting

AUSTRALIA’S agricultural industry is eagerly anticipating the outcome of the latest round of Doha World Trade Organisation talks in Hong Kong next month. The local industry is tipped to be a major winner if countries like the United States and Japan and the European nations are forced to remove subsidies at the negotiations, which will feature agricultural subsidies. It is estimated that about $420 billion in subsidies are paid to farmers in the developed world each year, making it nearly impossible for agriculture in Third World countries to develop and is also a constant thorn in the side of Australian farmers, who have already forgone most government subsidies.

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