AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)

The European Union is prepared to discuss the elimination of agricultural export subsidies on all products, European Union agriculture minister Franz Fischler said here Monday.
Fischler recalled that the EU last year asked developing countries to provide a list of specific products on which they wanted to see the subsidies scrapped.
"It is up to them to say in which products they are interested, and if they say 'all products,' then we have to engage in a discussion also about that," Fischler told a press conference at the start of talks on agriculture at the World Trade Organisation.
He said the proposed discussions could take place "under the condition that parallelism is guaranteed," meaning that talks would also focus on other forms of government export assistance, such as the food aid and export credit programs in the United States.
US Trade Representative Robert Zoellick last month said the United States could agree to remove the subsidy component from its export credit scheme.
"We have to discuss with our American friends what the 'subsidy element of export credit' means," Fischler said.
"We have to clarify this during the negotiations."
The talks here are aimed at breathing life into stalled multilateral trade liberalisation negotiations that were launched in November 2001 in the Qatari capital Doha.
The Doha round has foundered largely because of lingering disagreements over the pace at which agricultural export subsidies are to be scrapped in the United States and the European Union.
While both parties concur that the subsidies have to go, they have yet to agree on a formula for their elimination.
Developing countries are demanding an end to the subsidies, which they say distort trade and make it impossible for their farmers to compete fairly on global markets. The subsidies issue contributed largely to the failure of a WTO ministerial conference in Cancun, Mexico last September.
Fischler earlier Monday met with representatives of the United States, Japan, Australia, New Zealand, Brazil, India and Mauritius.
He said all participants shared "a strong commitment" to concluding the Doha round on schedule by the end of the year.
"They all mentioned the need to show more flexibility," he added.

Copyright Agence France-Presse, 2004

Comments

Comments are closed.