The G-4 has no role to play in breaking the impasse
in multilateral trade talks, commerce and industry minister
Kamal Nath said.
G-4, a grouping of four key WTO members comprising the
EU, US, India and Brazil, was set up as a platform for
speeding up the process of consensus building among
the developed and developing countries on the contents
of the Doha round.
the end of the day for G-4... Now it''s for the full
membership (of the WTO) to take the Doha round forward,"
Kamal Nath said.
who returned from Potsdam in Germany declaring failure
at the G-4 talks, said that developed countries wanted
greater access to the markets in the developing world
but refused to cut their trade distorting subsidies
and India, representing the developing world, walked
out on talks with the US and the EU during WTO negotiations
that aimed for multilateral agreement on farm subsidies
and open markets.
Washington , US President George W Bush accused Brazil
and India of fighting for their own interests at the
expense of poorer countries.
United States and European Union were also guilty for
"difficulty improving their offer of access to
the market and internal support," he said.
Brazil and India said the US and EU were demanding too
high a price for cutting their trade-distorting farm
exchange rate being asked was too high," Brazilian
foreign minister Celso Amorim told reporters, referring
to US and EU demands that developing countries make
"a 58-per cent cut" in their bound manufacturing
tariffs in exchange for rich countries cutting their
farm subsidies and tariffs.
Nath said the US offered to cap its overall spending
on trade-distorting farm subsidies at $17 billion, down
from an earlier US offer of $22.5 billion made nearly
two years ago.
since Washington currently spends only $10.8 billion
on trade distorting farm subsidies, the proposal was
not enough, Nath said. "There is no equity in this,
no logic and no fairness," he said.
and India , as leaders of the G20 developing country
group, have pushed for about a $12 billion cap on US
spending and about $20 billion for the EU, which has
a higher allowance than the US under WTO rules.
this week''s meeting at Potsdam , the US and EU never
came near the G20''s demand and instead offered figures
"that didn''t represent any real cuts in domestic
support," Brazilian minister Amorim said.
evoked memories of the WTO''s acrimonious September 2003
meeting in Cancun, Mexico, which collapsed after developing
countries objected to an earlier US-EU proposal for
reforming agricultural trade.
Director General Pascal Lamy, meanwhile, said the global
trade negotiations aimed at a deal on Doha Round would
continue despite failure of talks between the four key