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 WTO: EU and US offer bigger cuts on farm subsidies 

WTO: EU and US offer bigger cuts on farm subsidies

23/07/2008 10:30:00 AM
The United States and the European Union have moved to break the stand-off at the World Trade Organisation talks in Geneva, Switzerland, by offering bigger cuts to their agricultural tariffs and subisidies.

European Union Trade Commissioner Peter Mandelson has announced during the ministerial meeting that the EU will cut tariffs by 60pc to encourage developing nations to make bigger concessions.

That was followed by US Trade Representative Susan Schwab saying the US is willing to cut its trade-distorting subsidies to $15 billion a year, as long as emerging economies such as Brazil, India and China are willing to give greater access to their markets.

The US offer is a cut of $2 billion more than the offer they made last June.

Draft texts for the agricultural negotiations have been requesting a cut of trade-distorting subsidies by the US to between $13 and $16.4 billion annually.

During a press conference in Geneva Tuesday, Schwab told reporters that these cuts were not being offered in isolation.

"They must be accompanied by significant market opening to agriculture and industrial goods by other WTO members," she said.

According to WTO spokesperson Keith Rockwell, negotiators have developed a clearer sense of the key issues at the political level that need to be resolved.

WTO Director General Pascal Lamy is moving the meeting toward resolving those issues based on detailed text-based work to find solutions for them.

Lamy hopes to have revised proposals released before the end of the week.

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Date: Newest first | Oldest first
Do or do not. There is no try. (Yoda, jedi master).
Posted by THE FARMER on 23/07/2008 10:58:28 AM

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WTO Director General Pascal Lamy.
WTO Director General Pascal Lamy.

Q: Will the abolition of AWB's dual share system result in growers' interests being put second to those of the shareholders?

Yes
(70.4%)

No
(25.1%)

Undecided
(4.6%)

Total Votes: 351
Poll Date: 20/07/2008
26/11/2008 | If we're serious about roo farming, we'll need to start with a breeding program and kangaroo EBVs for marbling and tenderness.
 
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