• Categories
  • Archives

US Irked by Brazil’s Insistence on Farm Subsidies Reduction

Brazil and India called on United States, European Union and Japan to open their markets to agriculture exports and make bigger farm subsidies cuts if the stalled Doha Round global trade talks are to be rescued.

Speaking in London Brazilian Foreign Minister Celso Amorim said that the G20 group of developing nations is ready to discuss liberalization of trade in services and manufactures, but "it all depends on what we achieve for agriculture, which we still consider insufficient".

Representatives from the US, EU, Japan, Brazil and India, which have been informally identified as the "big five" of the WTO, are currently holding trade talks in the Indian Embassy in London.

Previous to the meeting Indian Commerce Minister Kamal Nath told reporters that in spite of recent announcements by Washington and Brussels proposing farm subsidies cuts, the agriculture sector remains as the international trade sector most plagued by distortions.

"We welcome the EU offer, it is a step forward. But it cannot be that you give an inch and ask for a mile," the Indian official underlined.

London’s session in the London Indian embassy is in anticipation of a broader meeting Tuesday at WTO headquarters in Geneva, where hopefully the groundwork for next month’s WTO Hong Kong summit can be agreed.

Mr. Amorim recalled that during a weekend visit to Brazil U.S. President George W. Bush confirmed Washington is willing to reduce the massive subsidies to farmers, but only if the EU is prepared to do likewise.

Brazil’s top diplomat highlighted that G20 countries could not accept an EU proposal to reduce European tariffs by an average of 39% while demanding developing countries cut manufactured goods duties 70%.

However, U.S. Trade Representative Rob Portman and EU Trade Commissioner Peter Mandelson dramatically underlined the need for success in December’s Hong Kong WTO summit.

Mr. Mandelson said Brazil, India and other big agricultural exporters must stop making discussion of other issues contingent on receiving concessions in the farming sector.

"We have made others understand that this can now only be a comprehensive negotiation, in which we have to make progress on all fronts simultaneously and with similar levels of ambition," pointed out the EU Commissioner.

Mr. Portman warned about the consequences of "squandering" opportunities presented by the upcoming talks in Hong Kong.

This article appeared originally in Mercopress – www.mercopress.com.

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Health Council Advises Brazil to Break Patent on Three AIDS Drugs

Brazil should break the patents on three HIV/AIDS drugs, whose cost could jeopardize national ...

US dollar and Brazilian real

Weak Dollar Brings Brazil to the Rescue of Industry

The commercial dollar recovered a little ground today in Brazil after the Brazilian currency, ...

Lula Promises to Make Brazil an OPEC Member and World’s Greatest Energy Power

Brazilian President Luiz Inácio Lula da Silva promised an "energy revolution" that will make ...

Brazilian Colonel Responsible for Carandiru’s Massacre Killed by Own Girlfriend

Less than three weeks after the infamous Brazilian colonel who ordered the massacre of ...

Lula’s Plan to Make Brazil a First World Country

In today’s edition of “Breakfast with the President,” Brazilian President Luiz Inácio Lula da ...

Brazilian Shares Rebound After Interest Rate Cut

Latin American shares ended higher today, June 1st, with Brazil and Mexico rallying to ...

Women Migrate More than Men in Brazil

According to the most recent Population Census, published by the Brazilian Institute of Geography ...

Illiteracy Among Blacks in Brazil Is 17%. Among Whites, 7%.

Ending prejudice begins with education. With this motto, Brazil’s Ministry of Education’s (MEC) 3rd ...

Home Stretch

Wishful thinking as Cardoso looks ahead to last year of his mandate. The President ...

World Bank Offers a Helping Hand in the Brazilian Northeast

An agreement signed Thursday, July 14, with the World Bank (IBRD) assures the transfer ...