Date: March, 2003
Abstract: Total support to agriculture by OECD countries amounted to USD 311 billion or 1.3% of OECD countries’ gross domestic product (GDP) in 2001. This can be put in perspective by figures released by Oxfam, which show that USD 2.20 is spent every day on each cow in the EU in the form of subsidies.
Australia and New Zealand continue to be two of the least protected and subsidized countries in the world. While the economies of Australia and New Zealand are a great deal less reliant on ...
Research Type: Industry Note