EU-Brazil: together for agriculture and food security
Agricultural domestic support is an important issue in the negotiations leading up to the 11th WTO Ministerial Conference (MC11) to be held in Buenos Aires in December.
The EU and Brazil – two of the world’s biggest producers of agricultural products – submitted to the World Trade Organisation (WTO) a joint proposal on support for agricultural production and food security measures. The objective is to limit market distortions and ensure a global level-playing field for farmers while taking into account particular needs of developing countries. Colombia, Peru and Uruguay have already expressed their support and are co-sponsors of the EU-Brazil initiative. Today’s proposal is an example of the EU’s work towards a successful ministerial meeting and a rules-based global trading system. The EU is also pushing for new solutions on fisheries subsidies, e-commerce, domestic regulation in services, transparency for smaller companies and investment facilitation.