US EASES FARM SUBSIDY STANCE IN GATT
The United States, softening its position in global trade talks, says it is now prepared to allow some trade-distorting farm subsidies in a new accord to liberalize world trade. US Trade Representative Carla Hills said Sept. 18 that the US will soon make a revised agricultural proposal at the Uruguay Round talks, being held under the auspices of the General Agreement on Tariffs and Trade (GATT). She said the US will propose that subsidies be cut by at least 70 percent.
Ms. Hills also set a Sept. 30 deadline for the European Community to work out cuts in subsidies to the Airbus Industrie aerospace consortium or face a complaint filed with GATT.