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AGREEMENT ON AGRICULTURE (DOMESTIC SUPPORT (DE MINIMIS - minimal support…

- - - - NO reduction commitment
      - SUBSIDIES not distort trade
      - GOV funded and not price support
    - - AGGREGATE reduction commitment
      - SUPPORT prices / subsidies relate to product quantities
    - - ANY amber box requiring farmer to limit production
- - - - TARIFF band reduction formula
    - - LESS aggressive tariff cuts but combination of small tariff cut with larger quota expansion
    - - DEVELOPING countries - offered greater flexibility for tariff liberalization
- - - - DISPLACEMENT of commercial sales because decrease price by providing it for free