China; Onus is on US, EU to save WTO talks (Reuters) Updated: 2006-06-02 19:45
China has turned the tables on Washington by demanding
that the United States and Europe do more to cut farm subsidies and tariffs to
break a deadlock in global trade talks.
 WTO Director-General Pascal Lamy, right is
greeted by Vietnamese Deputy Prime Minister Vu Khoan during their meeting
on the sidelines of the Asia Pacific Trade Ministers Meeting in Ho Chi
Minh City, Vietnam on Thursday June 1, 2006. Vietnam hopes to join the
world trade body by the end of this year. [AP] |
World Trade Organization Director General Pascal Lamy has set the end of June
as the latest deadline for the body's 149 member states to breathe life into the
long-running Doha round of talks by agreeing on formulas to lift barriers in
agriculture, manufacturing and services.
"In the Doha round, agriculture is the most important issue. If the
distortions in global trade in agricultural produce go uncorrected, the talks
cannot succeed," Chinese Commerce Minister Bo Xilai said.
His ministry posted his comments on its Web site, www.mofcom.gov.cn, on
Friday.
Bo was speaking on Thursday during a meeting of Asia-Pacific trade ministers
in Ho Chi Minh City, Vietnam's commercial capital, which Lamy is also attending
to try to keep the talks alive.
Deputy U.S. Trade Representative Karan Bhatia said at the meeting that China
and other emerging economies bore a special responsibility to ensure the talks
did not fail.
"China has been an enormous beneficiary of global market access and so it's
going to have to play a significant role in bringing this round to a successful
conclusion," he said on Thursday.
But Bo said the onus was on the United States and the European Union to cut
the farm handouts that penalize poor-country producers.
"The United States and the European Union need to continue work on farm
issues and come up with practical cuts. They have to make to make more of an
effort if the deadlock in the agricultural negotiations is to be broken," he
said.
WTO ministers are due to meet in Geneva, the headquarters of the trade
watchdog, on June 26 with the aim of sealing a final deal by the end of the
year. The talks began in 2001.
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