Agricultural subsidies by OECD members and major emerging economies have reached the level of USD 851 billion a year. They are not only financially wasteful, they are distorting global trade and impacting negatively on the environment. Some new research casts light on this perennial problem for NZ dairy trade. We need some creative thinking to level the playing field. NZIBF Executive Director Stephen Jacobi writes a blog for TradeWorks.
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