WTO To Harm American Farm Industry

The American farm industry is threatened with litigation after failure to reach an agreement on subsidies at the latest round of World Trade Organization negotiations. The failure to reach a deal will allow Brazil and other agricultural exporters to challenge the U.S. subsidies as illegal under international trade regulations.

Brazil alone is seeking more than $1 billion a year in sanctions on U.S. imports. Other litigations, brought on by Canada, also claim that American subsidies break WTO rules. If successful, the U.S. could be forced to open its borders to a flood of foreign agricultural exports while other world markets are not opened up for American imports.

This is prime example of the fact that the WTO is a flawed organization, based on undemocratic principles that limits America’s power to act in its own self interest.

Source Reuters:

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