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WTO needs update to fit reality: study

World agricultural trade rules established more than 20 years ago need an overhaul, says an independent agricultural research organization.
  Agricultural trade is far different than it was when the World Trade Organization agreement was reached in 1994, said Al Mussell, research lead at Agri-Food Economic Systems in Guelph, Ont. and one of the co-authors of the paper Disciplines on Agri-Food Trade: Toward a Renewed Framework.


The WTO agreement focused on establishing greater disciplines in the three pillars of domestic support, export competition and market access.
  The paper quotes studies that conclude, “the support disciplines in the WTO agreement were too porous to substantially reduce domestic support in the various countries.”


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The Western Producer