- Say: S-U-B-S-I-D-I-E-E-E-E-E-S!
Moreover, the Doha round has to be completed on time. Delays means the certain death of the talks given that the US president's so-called fast-track authority to negotiate and firm trade agreements expires early in 2006. Observing Mr. Bush's dismal performance and ditto approval ratings it seems a sure bet that the lame-duck president won't obtain a renewed fast-track authority. Furthermore, recalling the US Senate's protectionist and localist inclinations the likelihood for any Doha agreement to pass the necessary legislation resembles the survival odds of a snowball in hell.
The case of Norwegian farmers and the center-left government is another case of concern which requiers separate treatment, though. Perhaps I'll return to that matter in a subsequent post.