- Public spending must move away from distortive and environmentally harmful farming subsidies.
- Farming ministers from 48 OECD countries gathered in Paris on Thursday and Friday (3-4 November) to discuss global food security and sustainable food production in the context of spiralling food prices and climate shocks ahead of next week’s COP27, the annual UN climate change conference.
- The final declaration signed by OECD ministers on 4 November also calls on countries to assess “the effectiveness and efficiency of agricultural policies to encourage improved environmental outcomes, including by examining environmentally harmful and beneficial subsidies”.
OECD chief calls for phase out of ‘distortive’ farming subsidies globally
