Subsidy Equivalents: Yardsticks of Government Intervention in Agriculture for the GATT

Abstract

Governments use a variety of policies to achieve their agricultural goals. Many are, in effect, subsidies or taxes on producers or consumers. Regardless of the form of these policy interventions, they nearly always have some effect on trade among nations. Aggregate measures of support, such as the producer and consumer subsidy equivalents discussed here, may help negotiators of a new General Agreement on Tariffs and Trade attain common ground for reducing barriers to international trade

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