Now is the time for Europe and the USA to acknowledge the truth that only substantial limitation of their trade-distorting agricultural subsidies will prevent the damaging effects that these subsidies have on developing country producers. If they fail to do so, the consequence will be impasse in the WTO trade negotiations, with the prospect of repeated dispute settlement challenges before the WTO in the years ahead. Every year, rich countries provide billions of dollars in subsidies to their farmers and producers, subsidies which Oxfam has long said pit farmers in Africa, Latin America, and Asia against the might of the US and European governments, and which result in the dumping of rich country products.