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WTO takes flak for farm subsidy policy

Star Business Report
Speaker Advocate Abdul Hamid yester-day asked the World Trade Organisation (WTO) to shun its 'double standard policy' on farm subsidy.
Hamid urged the government to take a strong position to cancel the sections and sub-sections of the WTO and international trade agreements * that might bring the country's agriculture sector to a standstill.
-The World TYade Organisation raises questions when less developed and developing countries subsidise the agriculture sector. On the contrary, the European Union gives $300 billion in subsidies a year, while the United States gives 575 in cash subsidy a year to each paddy farmer," Hamid said at a workshop in Dhaka.
All-Party Parliamentary Group.
People's Empowerment Trust (PET), South Asian Network on Economic Modeling (Sanem) and Unnayan Shamunnay jointly organised the two -day workshop, "Trade Policy and Trade Agreements", at Dhaka Sheraton Hotel.
The key objective of the workshop is to enhance the capacity of members of the parliament on trade related issues.
"Our agricultural sector suffered a lot, as those subsidised farming products are being exported to countries like ours," Hamid said. "It is imperative to shun this double standard policy."
The speaker hoped lawmakers would ponder on the issue and then structure policy.
He also hoped the export of manpower would progress through negotiation and agreement under the WTO.
Deputy Speaker Col (retd) Shawkat All said the government should refrain from agreements that hamper the country's interests.
Opposition Chief Whip Zainul Abdin Farroque urged the speaker to ensure that parliament members get the required logistic support.
The lawmakers, he said, should soon be provided with office, computer and vehicle to perform their duties properly.
Economic Adviser to the Commonwealth Secretariat Dr MA Razzaque presented the welcome address at the inaugural session and Dhaka University Associate Professor of Economics Dr Selim Raihan moderated the session.
About 20 lawmakers from both the treasury bench and opposition joined the inaugural session of the workshop.