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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: yard_man who wrote (7040)2/5/2004 6:06:36 PM
From: mishedlo  Read Replies (1) of 110194
 
WASHINGTON, Feb 5 (Reuters) - Senate Democratic Leader Tom
Daschle urged President George W. Bush on Thursday to exclude beef from a free trade agreement with Australia in a move that could complicate last-minute negotiations.

The South Dakota Democrat told Bush in a letter that the
proposed trade pact would expose U.S. beef and cattle ranchers to increased import competition without providing new opportunities for U.S. beef exports.

"We respectfully request that you work to exclude beef and
cattle from any further negotiations of the Australia FTA,"
Daschle said in a letter that came as the two allies were
trying to reach a deal by this weekend.

The Bush administration has already bowed to pressure from
U.S. sugar producers by pushing for a pact that would bar
Australia from shipping additional sugar to the United States.

U.S. dairy producers also oppose increased imports from
Australia. In a full-page ad on Wednesday in the Washington
Times, they warned a "bad trade deal will cause irreparable
harm to hundreds of thousands of working Americans whose jobs depend on a healthy economic environment for U.S. agriculture, particularly in the dairy sector."

Australian trade officials have threatened to walk away
from any agreement that does not open the U.S. market to more of its chief agricultural exports.
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