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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.

Oriental Trading (AXcess News) Brussels - The European Union has cut tariffs on farm imports in an attempt to revive World Trade Organization talks despite strong objections from French President Jacques Chirac. The EU's cut in farm tariffs is the steepeast ever proposed.

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Financial Forex Forex Software EU Trade Commissioner Peter Mandelson called the trade cuts "Europe's bottom line offer".

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Trading Mandelson told reporters that today's offer would cut farm tariffs by 46 percent as part of a multilateral trade round.

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Trading Financial System Last week, Brazil, India and China had demanded greater cuts in farm tariffs during WTO talks in Brussels. With a deadline approaching, the EU Commission decided to make the offer to renew talks on issues such as opening markets to foreign competition. Mandelson said the EU's offer is conditional on negotiators discussing industrial duties and commercial services. Last week the three objecting nations halted WTO talks until farm tariffs were dealt with to their satisfaction.

Another practice that will influence employment levels is the use of offshore assembly. A provision in U.S. tariff regulations reduces tariffs on apparel imports from Caribbean nations that are assembled from pieces of fabric which were cut in the United States. to be performed at much lower wage rates. This trend is expected to continue and will curtail job opportunities for sewing machine operators in the United States. sewing functions such as design will continue to be done domestically, however, workers who perform these functions will not be as adversely affected.

Day Trading The next WTO meeting is to be held in Hong Kong between Dec. 13 - 18. Both the EU and US are working towards a global accord before the United States' negotiating authority expires in 2006.

Forex Financial Trading The The US trade representative Rob Portman voiced his disappointment with the new EU trade proposal saying, "while in some ways it is a step in the right direction, much more needs to be done."

Fortune Make Option Trading While the EU is offering subtantial cuts in farm tariffs, loopholes in the package would exempt such products as beef, poultry or sugar, which the US trade commissioner says could lead to problems.

Science Of Financial Market US agricultural trade organizations believe that the European Union's offer will be met with cool responses.

Future Trading The French government is withholding its support until the European Commission can report on the impact of its new offer on EU agriculture.

Financial Sales Services Mandelson said, "We are quite sure the undertakings the EU has offered are within the terms of the 2003 overhaul of the bloc's agriculture policy."

Commodity Trading TheEu hasalso said its proposal is contingent on a deal before the Hong Kong summit to cuts in industrial tariffs and ceilings on US farm spending and conditions on its use of food aid, as well as ending state marketing monopolies on sugar, grain or dairy exports in Australia, Canada and New Zealand.

Financial Services Trading EU Agriculture Commissioner Mariann Fischer Boel told reporters in Brussels, "I look to our partners to react positively to this step today."

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