January 22, 2020

FT: Breakthrough In Doha Possible “Within Weeks”

I. Doha
II. Ethanol- Market Dynamics

I. Doha

Financial Times writer Alan Beattie reported yesterday that, “Trade ministers continued to jockey for position ahead of their meeting on Saturday at the World Economic Forum in Davos, with the EU saying a big breakthrough on the Doha round could come within weeks.

“Peter Mandelson, EU trade commissioner, told the FT that the broad outlines of a deal in multilateral trade talks, with overall indicators of cuts in farm tariffs and subsidies and goods tariffs, was not far away.

“‘I believe we can get a breakthrough on the big numbers in agriculture and industrial goods in the next month or so,’ he said.”

“U.S. Sen. Dick Lugar discusses America’s dangerous energy situation at a press conference with (l to r) Sens. Tom Harkin (D-IA), Barack Obama (D-IL) and Byron Dorgan (D-ND).” (via Sen. Lugar’s webpage)

Mr. Beattie quoted Commissioner Mandelson as saying, “The agricultural consultations between the EU and the US are through the worst…We are approaching the end of the endgame in that regard.”

The FT article noted that, “The outstanding issue in agriculture was between the US and developing countries, said Mr Mandelson. The US has asked for substantial new access to the consumer markets of big emerging market countries such as India, Indonesia and the Philippines.”