Progress already made in Hong Kong WTO conference: spokesman
18/12/2005 8:00
The ongoing Sixth WTO Ministerial Conference has made progress in issues
concerning LDCs (least developed countries) and cotton trade, said WTO spokesman
Keith Rockwell in Hong Kong Saturday. The official told Xinhua that currently
negotiators have made commitment to provide a duty- and quota-free market access
for almost all products from the 50 least developed countries in the
world. The spokesman also mentioned some progress in the NAMA
(non-agricultural market access) issue, but said that "it is moving slowly" due
to divergencies on the detailed coefficient in the formula used to calculate the
tariff cuts. Currently, the negotiations are still going on, and Rockwell
said it is still difficult for him to judge the outcomes of the
conference. WTO Director-General Pascal Lamy on Friday submitted a compromise
text to ministers of all members concerning cutting the export subsidies of
agricultural products. The text calls for the United States and other
developed countries to make promise that if the European Union make concessions
in cutting the subsidies, they must also make some equivalent
concessions. Rockwell said "it remains unknown" whether the text will break
the deadlock in agricultural trade negotiations. The official appreciated
China's support for the Doha Round and also thanked Hong Kong for the good
environment of the conference.
Xinhua news
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