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WTO draft disappoints

THE draft guidelines for agricultural trade reform released by the chairman of the World Trade Organisation is disappointing for Australian farmers and does not go far enough to address the subsidies and protection offered in other countries, according to Trade Minister Mark Vaile.

The five-year reform package includes cutting developed country tariffs on all agricultural goods by at least 25 per cent. It proposes an increase in tariff rate quotas to an average minimum of 10 per cent of domestic consumption.

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