Do I detect a change of direction in the winds? Ever since the Battle of Seattle, respectable opinion has focused on American, European, and Japanese agricultural subsidies - to a tune of $300 billion a year - as the great injustice of the global economic system. Almost 5 years later, the poor nations of the world, led by Brazil, China and India, have convinced the US and EU to confront their powerful agriculture lobbies.
Although the proposed deal would only create a framework for further talks, it would for the first time commit the European Union to eliminating its controversial farm export subsidies
and
The United States yielded to pressure from developing countries on Friday and agreed to make a 20 percent cut in some of the $19 billion in subsidies it pays to American farmers each year.
This during an election year, no less.
I thought the Bush administration was chronically unilateralist. What gives? Even the hated WTO is impinging on our beloved rogue state's sovereignty:
The trade talks aren't a done deal, however.
Oh, is that all?