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News, Press Releases, & Announcements

News: European Commission proposal on CAP reform comes under criticism

December 29, 2007
The European Commission's recommendations for reforming the EU's Common Agricultural Policy (CAP) - the so-called "Health Check" -have come under criticism from European governments and environmental campaigners, albeit for different reasons. On 20 November the EC unveiled proposals for the next phase of changes to European agricultural policy.

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News: Romania faces EU subsidy cut, as farmers take to the streets in protest

November 29, 2007
The European Commission has threatened to cut EU agricultural subsidies to Romania if the county doesn't strengthen administrative controls over how that money is spent. Romania, which joined the EU in January 2007, faces a 25% cut in the amount of money it receives from the EU for farm support, amounting to more 100 million Euros.

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News: Austrian government to raise renewable energy subsidies

November 29, 2007
Austria's conservative Austrian People's Party (AVO) has agreed to a compromise on subsidies to renewable forms of energy which would increase those subsidies from 17 to 21 million Euros a year, according to the Austrian daily Die Presse. The subsidies are being touted as necessary for the country to meet its target of 10% power consumption through renewables by the year 2010.

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News: WTO upholds ruling on illegal U.S. cotton subsidies; Senate ignores ruling

November 29, 2007
A World Trade Organization (WTO) compliance panel ruled in October that the United States has failed to abide by an earlier WTO ruling requiring it to eliminate illegal cotton subsidies. This latest development in the long-running dispute over U.S. cotton subsidies originated when Brazil complained to the WTO that the United States had not obeyed a 2004 ruling by a WTO panel declaring certain of its subsidies to cotton illegal.

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News: Release of a global study on investment incentives

November 29, 2007
The International Institute for Sustainable Development's Global Subsidies Initiative, the publishers of this newsletter, is holding a meeting to mark the release of a global analysis of investment incentives on 26 November.

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News: Malaysia eyes fuel subsidy cut, but holds off for now

October 29, 2007
The Malaysian government has indicated that it may allow fuel prices to rise as high oil prices contribute to the fiscal deficit.   Malaysia's Prime Minister Abdulla Ahmad Badawi told the Reuters news agency "we have not decided whether we want to raise the price.

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News: European Commission releases list of fisheries subsidies recipients, illegal fishers among benefactors

October 29, 2007
The European Commission has released a list of fishing vessels that have received EU fisheries subsidies between 2000 and the beginning of 2007, following an access to information request by the World Wildlife Fund (WWF). This is the first time that the EC has identified by name vessels that are recipients. The 23, 828 payments amounted to some € 1.2 billion between 2000 and the beginning of 2007.

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News: Syria announces plan to phase out fuel subsidies

September 29, 2007
The Syrian government has announced that it intends to phase out its massive fuel subsidies over the next five years, according to an interview conducted by the Reuters news agency with Abdallah al-Dardari, the Deputy Prime Minister for economic affairs. Mr. Al-Dardari estimates that the total sum for subsidies in Syria's 2008 budget would reach USD$7 billion.

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News: Military leadership in Myanmar forced to remove fuel subsidies

September 29, 2007
The military junta that has governed Myanmar (formerly Burma) for over four decades says it was forced last month to remove price subsidies to fuel because it could no longer afford the climbing costs. The result has been a sudden doubling of diesel prices, and a fivefold increase in the price of compressed natural gas. Transportation and food costs have risen sharply in recent weeks , leading to protests.

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