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Key Opportunities for U.S. Farmers and Ranchers in WTO Framework for Future Progress
- Major cuts in foreign tariffs on U.S. farm exports.
- Expanded market access for all U.S. farm products through tariff cuts and quota expansion.
- Elimination of agricultural export subsidies, which are used by most overseas European competitors of U.S. farmers.
- New disciplines on state trading enterprises such as the Canadian Wheat Board.
- Harmonization of trade-distorting farm support programs, with Europe and Japan subject to deeper cuts because of their higher levels of support.
- Greater cuts in allowed domestic support for agriculture in the first year of the coming agreement than during the entire Uruguay Round.