Financial In Market A Brazilian proposal at the weekend has raised hopes of a breakthrough in the World Trade Organisation's deadlocked talks on poor countries' access to essential medicines.
The EU said it would cut itshighest tariffs on food imports, and cut domestic farm support by 70%, up from 65%, in response to the US move. EU Trade Commissioner Peter Mandelson said all WTO members needed to be open and responsive to world needs. Brazil's Foreign Minister Celso Amorim told reporters that he was not satisfied with the US and EU proposals but that it was a step in the right direction and he hoped that trade talks would continue to progress accordingly.
Oriental Trading Brazil unveiled its initiative, intended to meet US concerns on the issue, during a three-day informal meeting in Tokyo of trade and agriculture ministers.
GENEVA (Reuters) The United States will ask the World Trade Organization (WTO) to examine restrictions on the sale of U.S. films, music, books, magazines and newspapers in China, an agenda for an upcoming WTO meeting showed on Thursday.
Financial Forex Forex Software But the meeting has also exposed deep differences over how far the Doha world trade round should seek to liberalise farm trade.
After he performed for President Vargas in order to convince him to lift the ban, he opened the first Capoeira school in Brazil.
Trading A proposal last week by Stuart Harbinson, chairman of the WTO agriculture negotiations, to eliminate export subsidies and cut tariffs by as much as 60 per cent was seen as too radical by the European Union and Japan but criticised as not going far enough by the US and other leading agricultural exporting nations.
- Brazil, India and South Africa have formed a trilateral bloc to boost trade and pool their political muscle in talks with rich nations. The new grouping follows soon after the G8 meeting of major industrial nations failed to act on a proposal for subsidy cuts to help Africa and a Brazilian plan to create a global fund to fight hunger. ``When countries such as India, South Africa and Brazil speak with one voice, that voice will be heard, '' said the Foreign Minister, Yashwant Sinha, on Friday flanked by his Brazilian and South African counterparts after their first trilateral meeting.
Trading Financial System The ministers nonetheless called Mr Harbinson's paper a "catalyst" for their talks. They have asked him to re-draft it before a March 31 WTO deadline for establishing the modalities, or parameters, of the planned agriculture negotiations.
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Day Trading Mr Harbinson defended his paper, saying WTO members had yet to hold serious negotiations on agriculture in Geneva. "The whole purpose of this [paper] is to spark a fresh debate," he said.
Forex Financial Trading The Brazil suggested that the World Health Organisation be asked to verify whether poor countries seeking compulsory licences for drugs had the domestic capacity to make them, thus aiming to narrow differences blocking an agreement on the supply of essential medicines.
Fortune Make Option Trading The EU backed the suggestion. "It could help solve this uncertainty on what does a country without manufacturing capacity mean," said Pascal Lamy, EU trade commissioner. "It could contribute to solving this confidence gap which we still have."
Science Of Financial Market All WTO members except the US said in December they would support a draft agreement designed to prevent the organisation's patent protection rules from stopping the supply of essential medicines to poor countries suffering serious public health problems.
Future Trading The US pharmaceuticals industry influenced Washington's move out of concern that the draft agreement would enable other countries to legally flout patents on a wide range of its products.
Financial Sales Services Breaking the deadlock on medicines and achieving progress in the agriculture talks are crucial to the fate of the Doha round. Supachai Panitchpakdi, WTO director-general, warned ministers at the start of this weekend's meeting that the negotiations faced "imminent gridlock".
Commodity Trading In addition to Mr Lamy and Franz Fischler, EU agriculture commissioner, ministers from the US and about 20 other countries participated in the meeting.
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