AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,676 Increased By 42.9 (0.56%)
BR30 25,471 Increased By 298.6 (1.19%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)

As the 147 states in the World Trade Organisation edge towards an end of July deadline for the broad outline of a deal on liberalising agricultural trade, even wealthy countries seem to believe that the end of export subsidies is nigh.
"The good news is that we all agree that export subsidies should be eliminated," US farm trade negotiator Allen Johnson said during yet another negotiating session.
"We all agree that this historic step has to be taken," he told journalists as the session drew to an end at WTO headquarters in Geneva on Friday, although he admitted the negotiators were still trying to figure out how.
Farm subsidies were at the heart of the collapse of a WTO ministerial meeting in Cancun, Mexico last September.
Poor countries rounded on the payments made to farmers in places like the European Union and the United States, warning that their own produce was unfairly priced out of world markets, while rich countries barely budged.
Agriculture has weighed on global trade liberalisation since the 1980s and was only resolved piecemeal in the "Uruguay Round" of trade talks which set up the WTO in 1995, with a promise of more to come.
Since then, the WTO member states have struggled to fulfil that promise, culminating with their spectacular deadlock in Cancun.
But two months ago, the EU offered to negotiate a date for the elimination of its export subsidies, although the politically-charged proposal upset France and several other EU members with large farming constituencies.
Brussels also said it was looking for "parallelism": in the jargon of the trade world, similar concessions from the United States on export credits or prices set by wheat boards in Australia and Canada.
That step appears to have stirred the talks on the critical "modalities" due by the end of July, which will effectively shape an eventual agriculture deal.
"There has been some movement for the first time on parallelism," a WTO official said on condition of anonymity after the latest meeting in Geneva.

Copyright Agence France-Presse, 2004

Comments

Comments are closed.