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Next month's WTO trade liberalization talks in
Hong Kong are a "once in a generation
opportunity," US Trade Representative Rob
Portman said Monday as he placed the onus on
Europe for a breakthrough.
"This is a once in a generation opportunity,"
said Portman, who is visiting China for a
China-US relations forum. "And if we allow
this to go by, we miss an opportunity."
Developed countries' high agriculture tariffs
and subsidies, aimed at protecting domestic
farmers, are the key point of contention
holding up an agreement among World Trade
Organization (WTO) members to free up trade,
Portman told a news briefing.
To
make the December 13-18 WTO Hong Kong meeting
a success, the European Union must adequately
reduce agriculture tariffs and quotas, Portman
said, blaming EU unwillingness to do for
"blocking the talks."
Developing countries, which have a comparative
advantage in agriculture, will not likely sign
onto a trade liberalization agreement unless
rich countries reduce their protection of
agriculture sectors, said Portman.
"So we've got to get the tariffs down and the
European Union is frankly not willing to
provide meaningful market access by reducing
tariffs and quotas," Portman said, building on
previous comments.
"That means that the rest of the world is
being asked to live with a formula that
doesn't reduce tariffs and quotas adequately."
Without an agreement in agriculture, it will
be difficult to get developing countries to
agree to other issues, such as market opening,
including cutting industrial tariffs and
dropping barriers on trade in services.
"I'm concerned right now that unless we can
break this deadlock on agriculture, it will be
hard to make progress on all the other
issues," Portman said.
"Unless the Hong Kong meeting is successful,
we won't be able to help the developing
world." |