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Tuesday, July 29, 2008

WTO talks limp into 9th day: stalemate over agriculture issues continue

 
 
Top negotiators left off from intensive talks aimed at hammering out a
world trade pact and planned to resume them later on Tuesday,
ministers told reporters.


Ministers of seven key trading nations held "intensive discussions and
they will continue tomorrow," Indian Commerce Minister Kamal Nath said
after the marathon talks ran into a ninth day amid lingering
disagreement on proposed import tariff measures.



"We continued to discuss some of the contentious issues of livelihood
security," he added, but did not report any agreement on the special
tariff proposals that have split India and the United States at the
talks.



Tensions had peaked overnight concerning WTO proposals to allow
developing countries to protect poor farmers by imposing a special
tariff on certain agricultural goods in the event of an import surge
or price fall, via a "special safeguard mechanism" (SSM).



"There have been very intensive discussions this evening amongst
ministers," said EU Trade Commissioner Peter Mandelson after the talks
involving the United States, Australia, Brazil, China, the European
Union, India and Japan.



"We work and will continue on what is a very, very complex and
sensitive... issue of SSM," he added. "The show is on the road and it
goes on."




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