September 18, 2019

APEC, EU & Brazil Foster Hope for Doha

Reuters writer William Schomberg reported Wednesday that, “The European Union must not use a surge in demand for biofuels as a new way to finance its farmers and should instead open up to imports of green fuels, the bloc’s trade chief will say on Thursday…EU agriculture groups see crops for fuels as a money-spinner as Europe moves ahead with plans to fight climate change including less use of fossil fuels…But European Trade Commissioner Peter Mandelson said EU biofuel policy should be based on environmental concerns, and not as a way to look after European interest groups.”

I. Doha / Trade
II. Biofuels
III. Farm Bill

I. Doha / Trade

Reuters writer James Grubel reported yesterday that, “A deal to free up world trade could be delayed several years if no progress is made by the end of 2007, the United States said on Thursday, as it stepped up criticism of India and Brazil over failed talks.”

The article added that, “[U.S. Trade Representative Susan Schwab] is in Australia for a meeting of trade ministers from the 21-member Asia Pacific Economic Cooperation (APEC) group, which is expected to make a firm statement in support of Doha in its final communique on Friday.

Country Representatives Attending APEC (Source: Bloomberg).

“APEC economies account for 60 percent of world economic activity and about 50 percent of world trade, and Schwab said the forum of Pacific-rim nations could make a significant contribution to help get Doha back on track.

“Trade ministers, she said, spent several hours on Thursday discussing how to the pro-trade forum can have the best impact on the Doha round, and to ensure new negotiating texts being drawn up at the WTO in Geneva will be ambitious.”