This report has been prepared for the Commonwealth Secretariat by the Australian Bureau of Agriculture and Resource Economics. It looks at the benefits of liberalisation and examines the closely interrelated use of the three pillars of domestic support, export subsidies and restrictions on market access in distorting world agricultural trade. It outlines the negotiating positions of the key players and suggests possible areas for compromise and concessions in an attempt to drive forward reform crucial to a successful outcome.

Key Findings
1 Introduction
2 Benefits of Liberalisation
3 Three Pillars of Agricultural Support
4 Domestic Support in the WTO Agreement on Agriculture
5 Export Subsidies in the United States and the European Union
6 Incidence and Benefits of Support
7 Negotiating Positions of Key Players
8 Possible Compromises
Appendum: Negotiations in Agriculture and the WTO Framework Agreement Adopted by the WTO General Council on 1 July 2004
Appendix 1: US, EU and Japanese Systems of Support
Appendix 2: The Doha Work Programme
Glossary, References, Boxes, Figures, Tables.