In 2002, the 30 industrial nations of the Organization for Economic Cooperation and Development spent $311 billion on domestic agricultural subsidies

May 9, 2015

"In 2002, the 30 industrial nations of the Organization for Economic Cooperation and Development spent $311 billion on domestic agricultural subsidies, which is more than the combined gross domestic products of all the countries of sub-Saharan Africa. The World Bank calculated that the European Union's annual subsidy to dairy farmers comes out to $913 per cow; this dwarfs sub-Saharan Africa's per capita gross domestic product of $490."

 

Source: Lazio, Rick, "Some Trade Barriers Won't Fall." The New York Times, August 9, 2003. http://www.nytimes.com/2003/08/09/opinion/some-trade-barriers-won-t-fall.... (Verified 04/18/14).

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