Description:
The elimination or the substantial reduction of subsidies and protectionism in industrialized countries, especially for commodities in which developing countries compete such as sugar, groundnuts and cotton is important for small-scale farm sectors around the world. Similarly, plurilateral commitments from major exporting countries to ensure that there is no trade at prices below the full cost of production have been put forward as an option to discipline dumping (which can cause significant damage to small-scale producers).