Blair House Agreement

Blair House Agreement

An agreement between the United States and the European Union to reduce subsidies to exporters and domestic producers. These subsidies were given to make products cheaper at their final destinations; this type of arrangement is thought to reduce competition and to harm international trade. The Agreement was concluded in 1992 in order to bring the U.S. and the EU into compliance with the Uruguay Round.
References in periodicals archive ?
EU farmers are allowed to grow non-food oilseeds on set-aside land under the terms of the Blair House agreement with the United States.
corn exports to Portugal jumped from 306 to 434,000 tons as part of the Blair House agreement.