World IN BRIEF : EUROPE : EC Agrees to Cuts in Farm Subsidies
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From Times Staff and Wire Reports
The 12-nation European Community approved a plan for moderate reductions in farm subsidies, resolving an impasse that had threatened to scuttle next month’s world trade talks. The accord, reached in Brussels after six previous failed attempts, calls for trimming government payments on major farm crops by 30% over 10 years starting in 1986. Some cuts have already been made. The plan now will be presented at the Uruguay Round talks, a four-year effort by about 100 nations to overhaul the world trading system.
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