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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (2736)	12/17/2005 1:29:52 PM
From: elmatador	Read Replies (1) \| Respond to of 217654

Trade hopes fading WORLD trade talks are on the brink of collapse, with Europe refusing to move on key demands from Australia and other large-scale farm-product exporters to slash its export subsidies. Trade hopes fading By SHANE WRIGHT 18dec05 WORLD trade talks are on the brink of collapse, with Europe refusing to move on key demands from Australia and other large-scale farm-product exporters to slash its export subsidies. After marathon talks in Hong Kong, which finished at 5am local time yesterday, negotiators said in some key areas they were going backwards because of Europe's entrenched position. The sixth World Trade Organisation ministerial talks were supposed to get some agreement among the 150-member body in the key area of agriculture. But after four full days of talks, there is an entrenched divide between Europe, and to a lesser extent the US and Japan, and the developing world plus rich agricultural exporters such as Australia, New Zealand and Canada. One Australian negotiator said it appeared EU Trade Commissioner Peter Mandelson had no mandate from his 25-member organisation to agree on a date to end export subsidies – a key demand from Australia and developing nations. "He just doesn't seem to have a mandate to set an end date, and that's key to what everyone else wants," the negotiator said. "Brazil and India have made it clear that without an end date they won't be talking about anything else." Australia, Brazil, India and up to 100 other nations want export subsidies on farm goods to be phased out by 2010. There appears to have been only minor movement on another key area, a package that would strip duty on goods from the world's 50 poorest nations when exported to developed countries. On market access, where Australia and other farm exporters are demanding Europe give ground, there has been no improvement. Countries are now waiting on a new negotiation text.