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The existing system of farmer support was both unequal and dysfunctional
By this time, key European leaders, most notably President of the European Commission Jacques Delors, French President François Mitterrand, and Chancellor of Germany Helmut Kohl, recognized that European farming interests were threatening the benefits that important sectors of the economy would realize from a new global trade agreement . Three areas of importance for the…
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Agricultural imports grew at an average rate of 5.9 percent over the same time period
Prior to the 1978 reforms, almost all of China’s foreign trade was subject to central planning through a small number of foreign trade corporations. For most sectors, the government has since replaced central planning over trade with import licenses and import and export tariffs. The opening of China’s economy involved policies to promote exports and…