Sahm App acquires over one million users in just one year, elevating the trading experience through innovation    OMODA&JAECOO: Breaking 20,000 units in a single month for 7 consecutive months    Over 900,000 establishments comply with Saudi Wage Protection Program    GASTAT: Saudi women's participation in the labor force reaches 36.2% in 3Q 2024    Saudi minister of defense meets UAE president in Abu Dhabi    'Wrth' community initiative launched in Riyadh in conjunction with the Year of Handicrafts    Saudi Arabia's net FDI rises by 37%, reaching SR16bn in Q3 of 2024    WHO urges China to share Covid origins data, five years on from pandemic's emergence    State of emergency declared in Trinidad and Tobago amid exceptionally deadly year    India launches its first space docking mission    Hungary's controversial presidency of the Council of the European Union comes to an end    Angelina Jolie and Brad Pitt reach divorce deal    Philip Morris leverages tech, innovation for smoke-free world    Kuwait coach plots to topple former team Bahrain in Khaleeji Zain 26 semi-final    Bahrain coach aims to outsmart former boss in semi-final clash with Kuwait    Al-Sahafi joins Saudi squad ahead of Khaleeji Zain semi-final against Oman    Quarterly net FDI surges 37% to SR16 billion in 3Q 2024    Oman gear up for Saudi semi-final clash in Khaleeji Zain 26    Belgium becomes first EU nation to ban disposable e-cigarettes starting January 1    30 artists from 23 countries to participate in Tuwaiq International Sculpture Symposium 2025    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



US TO PUSH MARKET ACCESS IN GENEVA, G8 TRADE TALKS
Published in Saudi Press Agency on 12 - 07 - 2006

THE UNITED STATES WILL PUSH TRADING PARTNERS TO MEET ITS DEMANDS FOR ACCESS TO THEIR MARKETS AT MEETINGS THIS WEEK IN EUROPE AIMED AT SALVAGING GLOBAL TRADE TALKS, A TOP U.S. OFFICIAL SAID ON WEDNESDAY, ACCORDING TO REUTERS.
MEMBERS OF THE BUSH ADMINISTRATION HEAD TO GENEVA LATER ON WEDNESDAY FOR DISCUSSIONS WITH WORLD TRADE ORGANIZATION CHIEF PASCAL LAMY, WHILE PRESIDENT GEORGE W. BUSH WILL MEET HEADS OF STATE FROM THE GROUP OF SEVEN LEADING INDUSTRIAL NATIONS PLUS RUSSIA AT A WEEKEND SUMMIT IN ST PETERSBURG, RUSSIA.
WTO MEMBER COUNTRIES ARE MAKING LITTLE HEADWAY IN ATTEMPTS TO NARROW GAPS ON FARM AND INDUSTRIAL TRADE AS A VITAL STEP TO A BROADER PACT. THE FIVE-YEAR OLD ROUND OF TALKS, CALLED THE DOHA DEVELOPMENT ROUND, IS RUNNING OUT OF TIME TO BE CONCLUDED AND MANY TOP TRADE OFFICIALS HAVE WARNED OF A CRISIS.
THE UNITED STATES IS RESISTING PRESSURE TO MAKE DEEPER CUTS TO ITS FARM SUBSIDIES THAN THOSE IT PROPOSED IN THE TALKS LAST FALL. WASHINGTON SAYS OTHER COUNTRIES MUST OFFER DEEPER CUTS IN IMPORT DUTIES THAN THEY HAVE SO FAR OFFERED, TO ALLOW SIGNIFICANT ACCESS TO THEIR MARKETS, BEFORE IT WILL CONSIDER REWORKING ITS OWN OFFER.
"IN ST PETERSBURG AND IN GENEVA, THE DISCUSSION IS GOING TO START WITH MARKET ACCESS. WHAT'S ENDANGERING THE ROUND RIGHT NOW IS THE FACT THAT WE DON'T HAVE MARKET ACCESS ON THE TABLE. NO ONE IS DISPUTING WE'VE GOT A REAL SUBSIDY PROPOSAL," SAID JASON HAFEMEISTER, THE LEAD U.S. AGRICULTURE NEGOTIATOR.
"THE PRESIDENT IS LEAVING TODAY (FOR RUSSIA). THERE'S GOING TO BE SOME FORMAL SESSIONS ON DOHA AND HE IS GOING TO TALK BILATERALLY WITH A LOT OF OTHER COUNTRIES INCLUDING THOSE WHO ARE INTERESTED IN TRADE," HAFEMEISTER TOLD REPORTERS ON THE FRINGES OF A COMMODITIES CONFERENCE.
BREAKTHROUGH NEEDED
AFTER A MEETING OF WTO MINISTERS LAST MONTH BROKE UP WITHOUT CONSENSUS, LAMY WAS ASKED TO ACT AS BROKER TO TRY TO REACH A DEAL. HAFEMEISTER SAID HE AND U.S. CHIEF AGRICULTURE NEGOTIATOR RICHARD CROWDER WOULD HEAD TO GENEVA LATER ON WEDNESDAY TO MEET LAMY AND DISCUSS WHAT TO DO NEXT.
SINCE THE WTO JUNE MEETING, PRESIDENT BUSH AND BRITISH PRIME MINISTER TONY BLAIR HAVE SAID THAT DOHA WILL BE ONE OF THE MOST IMPORTANT ISSUES RUNNING THROUGHOUT THE RUSSIA G8 SUMMIT.
"AN AGREEMENT IS VERY IMPORTANT FOR US AS A COUNTRY AND FOR OUR (AGRICULTURAL) ECONOMY, BUT IT'S IN SERIOUS TROUBLE IN TERMS OF MEETING OUR CURRENT DEADLINES. WE'VE GOT TO GET SOMETHING DONE BY THE SUMMER IF WE'RE REALLY GOING TO HAVE THE BREAKTHROUGH NEEDED TO GET THE DEAL DONE THIS YEAR," HAFEMEISTER SAID.
THE DOHA DEVELOPMENT ROUND WAS LAUNCHED IN 2001 WITH THE AIM OF BOOSTING GLOBAL GROWTH AND LIFTING MILLIONS OUT OF POVERTY. THE TALKS PIT THE EUROPEAN UNION AND THE UNITED STATES AGAINST EACH OTHER AND AGAINST LEADING DEVELOPING STATES SUCH AS BRAZIL AND INDIA.
POORER NATIONS HAVE LONG INSISTED THAT RICHER COUNTRIES MUST OPEN THEIR FARM MARKETS BEFORE THEY WILL OPEN THEIR INDUSTRIAL AND SERVICES MARKETS. WASHINGTON AND BRUSSELS EACH INSIST THAT THE OTHER MUST COMMIT TO GREATER FARM TRADE REFORM IN ORDER TO GET THE G20 GROUP OF DEVELOPING COUNTRIES TO MOVE.
HAFEMEISTER SAID THE EUROPEAN UNION COULD HELP MOVE THINGS ALONG BY OFFERING A DETAILED NEW OFFER ON TARIFF REDUCTIONS INSTEAD OF JUST HINTING AT ONE THAT GOES BEYOND ITS CURRENT PROPOSAL FOR AN AVERAGE 39-PERCENT CUT.
"SO FAR THOSE GUYS HAVE BEEN ALL HAT AND NO CATTLE. THEY'VE TALKED ABOUT COMING CLOSE TO THE G20 (PROPOSAL FOR A 54-PERCENT TARIFF CUT) BUT THEY'VE SAID NOTHING ABOUT THE EXACT COMPOSITION OF THIS OFFER," HAFEMEISTER SAID.
"A 50-PERCENT CUT IS A GOOD STARTING POINT. WE REALLY NEED TO SEE WHAT THEY'RE TALKING ABOUT."


Clic here to read the story from its source.