EU dairy aid measures will delay recovery, warns US
He said US suppliers will be hard pressed to compete when the EU, the biggest dairy exporter in the world, can sell product for hundreds of dollars less than rival suppliers. The EU had promised in world trade talks to phase out export refunds, if other big trading blocs did the same. But the US still uses export credit, so the EU is entitled to continue subsidies, within limits set by the World Trade Organisation.
