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Cane growers welcome WTO limit of European sugar subsidies
29 Apr 2005
Canegrowers, an industry lobby, said it expected Australian sugar producers could expect to earn between $60 million and $80 million a year more in export revenue following a ruling by the World Trade Organisation that European Union subsidies for sugar production are illegal. The organisation's appellate body rejected an EU appeal in a dispute pitting Brussels against Australia, Brazil and Thailand. The WTO disputes settlement body ruled last year that the EU's subsidised exports had been exceeding an agreed 1,273,000-tonne-a year limit since 1995, by almost five times. Australia's sugar producers export 80 per cent of their output.
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