Officials of US be confident on Doha round
Despite warnings from some US lawmakers not to rush into a deal, the top US agricultural official said that the Doha round of global trade talks may “see a successful completion” by the end of the year.
Washington would like to offer a reduction in its allowable level of subsidies, but it would do this only to increase market access for its exports, Ed Schafer told reporters in Beijing. He arrived at Beijing on Tuesday for the two-day Sino-US Strategic Economic Dialogue which begins today.
“We in the United States keep confident that we can see a successful conclusion to the Doha round this year,” said he, lauding China’s efforts in the global trade talks. Last month, the APEC meeting was held in Peru. At the meeting, leaders decided to reach an agreement this month on the outlines of a World Trade Organization pact that collapsed in July after seven years of negotiations. “Negotiations have now stretched from agricultural products into non-agricultural products,” he said, “Over the last two months much progress has been made… under the help of China and Brazil.”
On Tuesday, four US lawmakers on the Senate Finance Committee and House Ways and Means Committee published a letter requiring the outgoing Bush administration not to rush into a deal that could finally be rejected by the incoming Congress.
However, in Schafer’s opinion, “The issue of subsidies… is a strong issue in these negotiations and the US is ready and willing to do its part to come to an agreement. If you look at the calendar, that only gives us about three more weeks. But we do remain confident.”
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