WTO talks continue as India, China hold firmly to positions

July 29th, 2008 - 4:46 pm ICT by IANS  

Geneva, July 29 (DPA) The World Trade Organization (WTO) talks here were set to continue Tuesday despite a crisis between the United States on one side and India and China on the other. The talks came to a stop early Monday after a row over a compromise achieved Friday for a conclusion of the seven-year-old Doha round.

The row escalated after India and China refused in particular to further open their agriculture markets, not wanting to entirely weaken the applicable mechanisms protecting their farmers.

In reaction, the US trade representative Susan Schwab accused the two countries of undermining the hard-fought compromise package, saying the United States had made great concessions especially in regard to the removal of its cotton subsidies.

Some WTO representatives however sympathized with the two developing countries, saying that in light of the still enormous numbers of poor that China and India have to care for, agricultural and food security in these countries had to be strengthened, not weakened by cheap imports.

A large portion of poorer developing countries supported the Indian-Chinese position.

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in World |