GENEVA — A group of the world's major trading powers led by Brazil and Australia slammed the new $289 billion U.S. farm bill on Tuesday, saying it contradicts the aims of the Doha global trade talks to cut agricultural subsidies.
The Congress, which overrode a veto by President Bush, is pushing "agriculture policies in the wrong direction at a decisive juncture of the [World Trade Organization] Doha Round," according to a joint statement by the G20, which also includes Argentina, China and India. "In its provisions, the farm bill will lead to larger outlays through increased thresholds for subsidies payments for 15 commodities, in contradiction with the Doha Round Mandate."
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