World Perspectives

Russia Meat Subsidy; Secondary Effects

Russia Meat Subsidy The Russian government will reportedly allocate $6.5 billion for “soft” export-oriented investment loans to the meat industry. The goal is to greatly boost meat exports and will include construction of “several distribution centers.” The structure of the investment mechanism could determine whether it is a WTO-illegal export subsidy or falls within Moscow’s WTO-obligated limits for domestic supports.   Secondary Effects Global trade is slowing as is gross domestic product (GDP) growth, and tariff wars are being blamed. The U.S. National Association of Business Economists surveyed its membership, and it revealed that goods makers (manufacturing, agriculture), although no other indust...

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