New Study on Foreign Sugar Subsidies
As foreign suppliers jockey for position in the evolving global economy, it’s time for lawmakers to take a stand against a “hack” some countries have been using to give their sugar industries an unfair advantage over our own. A new study published by Texas Tech University illustrates that many foreign competitors are channeling billions of dollars in subsidies into their sugar production and trade models. Examples of that practice include Brazil, who subsidized $2.5 billion for promotion of its sugar and ethanol industry, India whose $1.7 billion in subsidies were brought into question by the World Trade Organization, and Thailand … Continue reading New Study on Foreign Sugar Subsidies
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