BILL CLINTON Apology For Forcing Haiti To Drop Tariffs On Imported Rice
Former US President who was one of the architects to provide subsidies to US farmers and presently the Co-chairperson of Haiti's earthquake recovery Commission has now realized that such policy was a 'mistake'--it has not worked in Haiti. There is no doubt that reduced food price was unquestionably a necessity because it allowed people to eat, but at the same time price reductions have also negatively affected rural Haitians. During the 1980's Haiti was self sufficient in rice, but today it imports 60% of its overall food supply and 80% of its rice from US because it is cheaper to import than produce. The farmers during the harvest season are sitting idle in the fertile valleys; dumped foreign rice in the Haitian market has eclipsed Haitian production, farmers are jobless. Huge subsidies received by US farmers have unfairly deflated international prices. As a result poorer nations are finding it difficult to get self-sufficient and develop their economies by expanding markets abroad.