August 17, 2019

Doha Talks: Twists & Turns

Reuters writer Jonathan Lynn reported on Friday that, “Trade diplomats gave a guarded response on Friday to a U.S. offer to slash its maximum farm subsidies but the mediator of the World Trade Organization (WTO) agriculture talks said he saw significant progress.

“‘There are real negotiations going on,’ said New Zealand’s WTO ambassador Crawford Falconer, who chairs the agricultural negotiations.

The Associated Press reported on Friday that, “U.S. President George W. Bush is likely to meet Brazilian President Luiz Inacio Lula da Silva in New York next week in what could be an important encounter for the WTO’s six-year drive to conclude a new global trade pact.” The two leaders met at Camp David back in March, where Doha was also discussed. (White House Photo).

Mr. Lynn indicated that, “Falconer told reporters he was ‘reasonably confident’ other trading powers would conform to the ranges of subsidy and tariff cuts he proposed in a July negotiating text, following Washington’s indication that it would do so this week.

“‘They are arguing about what might work,’ he said.”