The Group of 33 developing countries complained in Geneva that the Uruguay Round imposed “inequities and imbalances” between rich and poor countries. Actually, the evidence is to the contrary. G-33 Miscalculates The Group of 33 developing countries complained in Geneva that the Uruguay Round imposed “inequities and imbalances” between rich and poor countries. They are demanding remedies like the right to stockpile food and block imports with a special safeguard mechanism. Actually, the evidence is to the contrary. Indonesia was one of the main complainants, and Jakarta’s subsidies to agriculture went up 375 percent between 1995 and 2012. Meanwhile, developing countries have captured an increasing share of the world’s agricultural ex...

TAGS – Soy & Oilseeds, Asia