US
tycoon and CNN founder Ted Turner says a focus on biofuels
could break the current deadlock that has stalled the
current five-year long Doha round because of a disagreements
over agricultural subsidies and tariffs.
Speaking
at a World Trade Organisation forum, Turner said massive
demand for plant-based fuels could help farmers and
reduce their need for state aid and therefore subsidies
and tariffs should be replaced by government support
for biofuels.
Turner
was speaking as chairman of the United Nations Foundation,
which was set up in 1998 after his $1 billion to support
UN causes. The foundation is promoting the production
and use of biofuels in developing countries and Turner
wants governments to do more to attract investment for
biofuels.
"Today,
farmers can grow crops for food, fuel and fibre,"
he said. "The global demand for biofuels is huge
and rising. That's why I'm confident that in the near
future, farmers' incomes will be assured, not by subsidies
and tariffs, but by market forces."
Biofuels,
which are a renewable energy source made from agricultural
produce or its by-products, including manure, rape seed,
soya beans, cane sugar and palm oil, include ethanol,
which is used in cars and for cooking, and biodiesel,
which is used for trucks and generators.
He
said that by investing in biofuels, developing countries
could produce
their own domestic transportation fuels, cut energy
costs, improve public health, create new jobs in the
rural economy and ultimately build export markets.
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