CalTrade Report, Doha Round APEC, free trade, Pascal Lamy, U.S. Trade Representative, European Union - It’s Up to You, Washington and Brussels - Future of Doha Round negotiations are in the hands of the US, EU, says Chinese official CalTrade Report Asia Quake Victims HO CHI MINH CITY, Vietnam – 06/02/06 – China has put the onus to salvage the moribund Doha Round of international trade negotiations on the US and the European Union; speaking at the recently concluded APEC ministers meeting in the Vietnamese capital, Chinese Commerce Minister Bo Xilai said that the US and the EU ''need to continue work on farm issues and come up with practical cuts'' and ''have to make to make more of an effort if the deadlock in the agricultural negotiations is to be broken.'' - HO CHI MINH CITY, Vietnam – 06/02/06 – China has put the onus to salvage the moribund Doha Round of international trade negotiations on the US and the European Union; speaking at the recently concluded APEC ministers meeting in the Vietnamese capital, Chinese Commerce Minister Bo Xilai said that the US and the EU ''need to continue work on farm issues and come up with practical cuts'' and ''have to make to make more of an effort if the deadlock in the agricultural negotiations is to be broken.'' - It’s Up to You, Washington and Brussels CalTrade Report, Doha Round APEC, free trade, Pascal Lamy, U.S. Trade Representative, European Union - It’s Up to You, Washington and Brussels

Saturday, October 28, 2006

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It’s Up to You, Washington and Brussels

Future of Doha Round negotiations are in the hands of the US, EU, says Chinese official

HO CHI MINH CITY, Vietnam - 06/02/06 - China is joining the chorus calling for the US and the European Union to reenergize the deadlocked Doha Round of trade negotiations by taking the initiative and further cutting farm subsidies and agricultural tariffs.

"In the Doha Round, agriculture is the most important issue," said Chinese Commerce Minister Bo Xilai. "If the distortions in global trade in agricultural produce go uncorrected, the talks cannot succeed."

But Bo said the onus was on the US 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.

The Commerce Ministry in Beijing posted Bo's comments on its website - www.mofcom.gov.cn - this morning. 

Bo made his comments yesterday during the just concluded meeting of Asia-Pacific Economic Cooperation (APEC) trade ministers in the Vietnamese capital.

Deputy US 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.

WTO Director General Pascal Lamy, who also attended the APEC meeting, 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.

WTO ministers are due to meet in Geneva on June 26 with the aim of sealing a final deal by the end of the year.

The current round of negotiations began in 2001.

Go back, or read the latest Front Page stories:

Korea, US Free Trade Pact ''Possible'' by Early 2007

WASHINGTON, DC – 10/25/06 – A free trade pact between the US and South Korea could become a reality by early 2007, says chief US negotiator Wendy Cutler at the opening of this week’s fourth round of talks between the two countries; since the two sides launched FTA negotiations in February they have reported little progress even though they postponed consideration of the most politically sensitive issues, such as US access to the Korean rice market.


California Leads US, World in Biotech

LA JOLLA – 10/19/06 – California’s biomedical sector is the most active in the entire US with the industry now positioned as the second largest driver of the state’s economy surpassing the entertainment, aerospace, telecommunications, and computer industries in employment, according to the latest 2006 California Biomedical Industry Survey; the survey was conducted by the California Healthcare Institute (CHI) and PricewaterhouseCoopers LLP and found that California-based biomed companies generated $62 billion in revenue in 2005 accounting for a full two-thirds of the market value of all NASDAQ- listed life sciences companies.


Comprehensive Port Security Bill Signed Into Law

WASHINGTON, DC – 10/14/06 – The Security and Accountability for Every Port Act of 2006 – or SAFE Act – has been signed into law by President George Bush; the new legislation calls for the gradual implementation of a laundry list of security measures at US container ports including background checks and credentials for port and dock workers and contingency plans for the resumption of trade in the event of a terrorist attack on the country’s ports or waterways.





 


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