Europe

Agriculture Commissioner Ray MacSharry, who led the European Community's fight to protect its 10 million farmers against trade liberalization under the General Agreement on Tariffs & Trade, is now drawing up a plan to reform the EC's massive agricultural subsidies. He is expected to present it to the EC Commission around Jan. 9, ahead of a GATT meeting in Geneva on Jan. 15. The Geneva gathering will explore chances for reviving GATT's Uruguay Round of negotiations, which collapsed last month over the EC's refusal to make deep cuts in farm supports. MacSharry's proposals go beyond previous EC reforms but still are unlikely to fully satisfy the U. S. and other agricultural exporters.

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