Wednesday, February 28, 2007

EU Trade Policy

. Wednesday, February 28, 2007

The WTO released its semi-annual EU trade policy review. It confirms what we already know: "Agricultural products are the most tariff-protected," the report said, with an average duty of 18.6 percent in the EU, compared to an average of 4 percent for non-farm goods. This represented an increase in the agricultural duties from 16.5 percent in 2004, while tariff for industrials posted a slight decrease from 4.1 percent two years earlier, the report by the WTO secretariat noted."

You can read the full report on the WTO website. While late in the game, it contains lots of specific detail about EU agricultural support mechanisms.

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