Thursday, October 20, 2005

Half speed ahead in Doha Round

It's half speed ahead in the Doha Round agricultural trade negotiations after the US and EU tabled new offers, following by a compromise paper by the G-20 which was in part an attempt to reconcile their internal differences.

The US put the EU on the spot with a new offer on domestic subsidies which was launched with a fanfare with a Financial Times article by US Trade Representative Rob Portman. The offer was not quite as generous as it seemed as it would allow the controversial counter cyclical payments initiated by the US in the 2002 Farm Act to continue, but their size would be limited to a maximum $5 billion a year, compared with $7.6 billion at the moment.

This was enough to alarm Senator Saxby Chambliss, chairman of the US Senate's agriculture committee who sent a letter to US ag secretary Mike Johanns telling him not to sell out the store and in particular to do nothing that would lower the level of farm spending in the US. The Bush Administration would like nothing more than to cut the level of farm spending as one means of dealing with the huge US budget deficit.

The EU has also had its internal problems with France, backed by thirteen other member states, trying to limit the room for manoeuvre of trade commissioner Peter Mandelson to an extent that would have probably derailed the Hong Kong ministerial. However, the French were beaten back at an emergency meeting of the Council of foreign ministers, in itself an unusual event. However, the French remain hot under the collar under the issue and will no doubt cause more trouble as they did in the Uruguay Round.

The real sticking point remains tariffs with the EU calling for a maximum 50 per cent cut on the highest tariffs compared with a 90 per cent figure advocated by the US. As Agra Europe has commented, a 90 per cent cut would mean that the EU butter intervention price would have to be slashed by 25 per cent which would be a heavy blow for Europe's troubled dairy industry. However, the US points out that the current EU offer would lead to an average cut in European farm tariffs of 24.5 per cent, less than the 36 per cent average agreed in the Uruguay Round.

The US wants 'sensitive' products to be limited to 1 per cent of tariff lines, with the EU asking for up to 8 per cent. This would offer protection for around 160 EU tariff lines. Remember, for 'sensitive' read 'politically sensitive'.

The real horse trading is beginning, but there is still a long way to go before agreement is reached.


bloggrez said...

Microsoft: No Near-Term Plans to Seek Open-Source Licensing Approval
While Microsoft Corp. has no current plan to apply for Open Source Initiative approval of the new licenses that will govern its Shared Source projects going forward, the Redmond, Wash., software maker has not ...
Hi you've got a great blog here, the best I've seen so far for Home equity loans related. Keep up the good job! I found a similar Home equity loans related website yesterday, check it out. Looks like the
Home equity loans related site does not have a blog yet, so check them out at their company site.

Johnjon said...

I discuss this topic daily myself. I also have a website that talks about internet business resource related things. Go check it out if you get a chance.

BuyKorea said...

You got outstanding blog.
Hello Offers and buyers,
Let me tell you some trade portal site which managed by original korean official trade
agency called kotra. Kotra launched buykoreakorea trade lead for helping trade products.
This cool site offers trade leads as well Products.
You may have a chance to increase your business.
great buyers looking for your products.
Mind do not miss opportunity on buykorea

Raven said...

Cool blog, i have a home equity loans site check it out here at home equity loans find out information that will help you when getting a home equity loans

Debt007 said...

I find your blog very informative, I was looking for debt consolidation related info and found you. :)

Home Equitys FAQs

. said...

I just came across your blog, and wanted to drop you a note telling you how impressed I was with the information you have posted here. I also have a free stock trading software blog, so I know what I'm talking about when I say your site is top-notch! Keep up the great work, you are providing a great resource on the Internet here!

. said...

I just came across your blog, and wanted to drop you a note telling you how impressed I was with the information you have posted here. I also have a stock option trading blog, so I know what I'm talking about when I say your site is top-notch! Keep up the great work, you are providing a great resource on the Internet here!

Stress Relief Techniques said...

Nice job on your blog! I am book marking your site for future reference.

I have recently created a stress articles

site/blog. It pretty much covers stress articles
related stuff.

Stop by and check it out if you have time.

Mike said...

Great blog with some useful info on michigan home equity loan. I have a michigan home equity loan themed site you and your visitors might find interesting. I'd love for you to check it out.

Dokdo Island said...

offers or buyers

These days trade business much easier since internet development.
On net, we can find well made trade portal site.
In fact, those cool sites help your trade business.
How many countries? what kinds of products?
Yes, we can not count.
Around the world, someone looking for your products, and a company
want to import your goods.
Trade portal site become huge marketplace so it called "emarketplace."
How many emarketplace do you know.
Which emarketplace do you recommend.
I am proudly tell you the emarketplace ""
You may not buy korea, but you can buy and sell what you want. trade service managed by kotra(un profit trade agency)
Your marketing budget will be save and business increased.
Check what do you want to know about
lead trade view.

Goodman441 said...

Hey! I found a great new site for loans and credit card information, Please visit it when you can, You will be glad you did!! Go here now!

loan lower said...

Hi, just came across your college loan. What a great site. I also have a site relating to the college loanniche that I think your readers would be interested in. Go and check it out!!

Anonymous said...

Hey, you have a great blog here! I'm definitely going to bookmark you!
I have a computer processor speedcomputer processor speed site/blog. It pretty much covers computer processor speed Problems with your Windows Xp Computing !
Come and check it out if you get time :-)

Editor Choice said...

Nice Blog, well done.
Here an interesting Site regarding:
Debt Consolidation, Debt Consolidation information, Personal Debt Consolidation, Debt Settlement

WorldTrader said...

I just came across your blog about **keyword** and wanted to drop you a note telling you how impressed I was with the information you have posted here. I also have a web site & blog about **keyword**. Your site is top-notch! Keep up the great work, you are providing a great resource on the Internet here.bad credit home equity loan

Darlene Kaitlin said...
This comment has been removed by the author.
Darlene Kaitlin said...

It's really a nice blog on Agricultural Policy. Our site also provides important information about agricultural products and Tools as:

* Silage & Haylage
* Baler Netwrap
* Drinkers & Feeders
* Timber Gates

Anonymous said...

black mold exposureblack mold symptoms of exposurewrought iron garden gatesiron garden gates find them herefine thin hair hairstylessearch hair styles for fine thin hairnight vision binocularsbuy night vision binocularslipitor reactionslipitor allergic reactionsluxury beach resort in the philippines

afordable beach resorts in the philippineshomeopathy for big with great mineral makeup bargainsmineral makeup wholesalersprodam iphone Apple prodam iphone prahacect iphone manualmanual for P 168 iphonefero 52 binocularsnight vision Fero 52 binocularsThe best night vision binoculars here

night vision binoculars bargainsfree photo albums computer programsfree software to make photo albumsfree tax formsprintable tax forms for free craftmatic air bedcraftmatic air bed adjustable info hereboyd air bedboyd night air bed lowest pricefind air beds in wisconsinbest air beds in wisconsincloud air beds

best cloud inflatable air bedssealy air beds portableportables air bedsrv luggage racksaluminum made rv luggage racksair bed raisedbest form raised air bedsaircraft support equipmentsbest support equipments for aircraftsbed air informercialsbest informercials bed airmattress sized air beds

bestair bed mattress antique doorknobsantique doorknob identification tipsdvd player troubleshootingtroubleshooting with the dvd playerflat panel television lcd vs plasmaflat panel lcd television versus plasma pic the bestThe causes of economic recessionwhat are the causes of economic recessionadjustable bed air foam The best bed air foam

hoof prints antique equestrian printsantique hoof prints equestrian printsBuy air bedadjustablebuy the best adjustable air bedsair beds canadian storesCanadian stores for air beds

migraine causemigraine treatments floridaflorida headache clinicdrying dessicantair drying dessicantdessicant air dryerpediatric asthmaasthma specialistasthma children specialistcarpet cleaning dallas txcarpet cleaners dallascarpet cleaning dallas