Dairy Companies Association of New Zealand (DCANZ) urges the WTO to cap and reduce agricultural subsidies, particularly EU farm subsidies, to address global market distortions.

Dairy Companies Association of New Zealand (DCANZ) calls for immediate capping and reduction of agricultural subsidies at WTO Abu Dhabi meeting. DCANZ claims subsidies distort global dairy markets, with OECD noting $817B annual support to agriculture sectors. The trend of agricultural subsidies is increasing, and DCANZ urges for a 50% reduction in EU farm subsidies to correct production and trade issues.