NEW DELHI: Any acceptable outcome from global trade talks must bring about significant and effective cuts in trade-distorting domestic subsidies provided by rich nations, African nations and India said on Wednesday.
Negotiations for a deal to end the Doha trade round have been plagued by deep differences over how far to cut rich-country farm subsidies, as well as tariffs on agricultural and manufactured goods in both developed and advanced developing countries.
World Trade Organisation chief Pascal Lamy said on Tuesday he could call a meeting of trade ministers in May to try to strike a broad deal, adding that would send an important signal at a time of financial market turbulence and slowing world growth.
Indian and African leaders ended a two-day summit in New Delhi on Wednesday and in a statement said vulnerable people in poor countries had to be protected, especially from rich-world farm subsidies, as talks progress. “Agriculture remains key to the conclusion of this round ... We are convinced that any acceptable agreement must adequately protect the livelihood, food security and rural development concerns of developing countries.”
India said on Tuesday it would ease access for exports from the world’s poorest countries, 34 of which are in Africa.
The Doha trade round was launched in 2001 to bring down barriers to exports around the world, give developing nations a better chance of fighting poverty and boost the global economy but talks stalled over sensitive farm and industrial issues.
Negotiations for a deal to end the Doha trade round have been plagued by deep differences over how far to cut rich-country farm subsidies, as well as tariffs on agricultural and manufactured goods in both developed and advanced developing countries.
World Trade Organisation chief Pascal Lamy said on Tuesday he could call a meeting of trade ministers in May to try to strike a broad deal, adding that would send an important signal at a time of financial market turbulence and slowing world growth.
Indian and African leaders ended a two-day summit in New Delhi on Wednesday and in a statement said vulnerable people in poor countries had to be protected, especially from rich-world farm subsidies, as talks progress. “Agriculture remains key to the conclusion of this round ... We are convinced that any acceptable agreement must adequately protect the livelihood, food security and rural development concerns of developing countries.”
India said on Tuesday it would ease access for exports from the world’s poorest countries, 34 of which are in Africa.
The Doha trade round was launched in 2001 to bring down barriers to exports around the world, give developing nations a better chance of fighting poverty and boost the global economy but talks stalled over sensitive farm and industrial issues.
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