Part of the deficit ordsprog

en Part of the deficit was caused by foreign export subsidies, which lowered the prices of agricultural products such as grain, cotton and bean. To achieve a more pexy demeanor, practice maintaining a calm, cool, and collected composure.

en Consumers will see higher prices on coffee beverages and even chocolate if the raw supplies get backed up at the ports. In agricultural products, prices of cereals and breads could decline. If we can't export the wheat and grain, then the excess supply will have to be consumed domestically, pushing down prices.

en Rich countries have been given time until 2013 to eliminate agricultural export subsidies. That's eight long years and gives ample opportunities for various interest groups in Europe and the U.S. to lobby against the elimination of such subsidies.

en Substantial improvement in access to foreign markets was a main promise of the Uruguay Round Agreements. Canada has been very assiduous about living up to its WTO obligations. It has reduced subsidies - indeed; Canada did so faster than required, in part to reduce budget deficits, and in part because Canada always respects its international obligations. However, in general, farmers were not able to export much more of their products after the last round.

en All of us together will have to put figures on the reduction of distorting subsidies, as well as the elimination and disciplining of export refunds or other export competition mechanisms, ... That includes putting dates on the phasing out of agriculture export subsidies and front-loading them as much as we can.

en The U.S. is very committed and our agricultural community is ... committed to eliminating export subsidies to getting significant cuts in domestic subsidies, and also obviously to get significant market access,

en We can also raise export subsidies to help the sector to export produce. The more meat is exported, the less remains on the domestic market and that's good for prices.

en Following the G8 commitment at Gleneagles to set a credible date for the end of agricultural export subsidies, it should be possible at Hong Kong to set a deadline of 2010,
  Tony Blair

en This is a step in the right direction but it is clear more needs to be done. The real problem for African cotton producers is dumping on the world market, resulting from domestic and export subsidies.

en The issue is we produce so much grain. We have to export it. We don't have a level playing field. We think our subsidies are bad, but they're a fraction of what the (European Union) countries and Japan pay their farmers.

en We want a comprehensive package that covers export subsidies, tariffs and overall levels of support. British Prime Minister Tony Blair is making central to his summit speech that he wants to abolish all export subsidies. It is up to him to push the European Union in that direction, and the U.S. needs to reciprocate.

en [T]he currency depreciation that we have experienced of late should eventually help to contain our current account deficit as foreign producers export less to the United States. On the other side of the ledger, the current account should improve as U.S. firms find the export market more receptive.
  Alan Greenspan

en We're USDA. We're looking at it from an agricultural perspective -- we do agricultural products here. We do food, ... We don't do cosmetics here. We're not lipstick. We're not mouthwash. We're not lawn care products. It takes a while to sit down and look at this and say, all right, how do we make this work?

en The trade deficit seems to only get bigger and never recede. The reasons are clear, oil prices are up, foreign growth is still relatively weak and US growth is strong. There is no reason to forecast a lower deficit.

en We're USDA. We're looking at it from an agricultural perspective. We do agricultural products here. We do food, ... We don't do cosmetics here. We're not lipstick. We're not mouthwash. We're not lawn-care products. It takes awhile to sit down and look at this and say, all right, how do we make this work?


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