Brazil has indicated that tough talks lie ahead to arrive
at a consensus on global trade, as the last-ditch compromise
proposals put forward by WTO mediators were skewed heavily
in favour of the rich nations.
WTO compromise proposals included detailed cuts to farm
subsidies and import tariffs for countries around the
world, including a proposed range of $13-16.4 billion
for a ceiling on annual US farm subsidies, down from
the $17 billion that the US is prepared to concede from
the $22 billion at present.
a day after mediators floated compromises to rescue
the floundering Doha Round for agreements on a global
trade pact that was due to have been finalised in 2005,
Brazilian foreign minister Celso Amorim criticised the
US for saying it would not discuss the kind of cuts
to US farm subsidies sought by the poorer countries.
told reporters in Brussels after meeting EU trade commissioner
Peter Mandelson in his first comments on the compromise
proposals that the proposals were more ambitious on
(industrial goods) than on agriculture, referring to
the subsidies the US provides its farmers.
want a good round, one that really constrains rich countries
paying subsidies, with real opening of their markets
but which respects our limits in the industrial area,"
stand taken by Brazil and India has emerged as a rallying
point for other developing countries seeking dismantling
of the subsidies barriers that rich countries have built,
while the EU and the EU want unfettered access to third
world markets for their merchandise exports.
negotiations were launched shortly after the 9 / 11
attacks on the United States to restore confidence in
the global economy and to show developing countries
that global trade offered them a weapon to combat poverty.
the talks have made little headway due to disagreements
between the US and the EU and the developing countries
on farm subsidies and tariffs with no sign of a consensus.
countries are due to discuss the new negotiating proposals
next week in Geneva.