US should relent on agriculture like EU: Nath
India on Friday said the US should take the path shown by European Union and offer to cut support it provides to the agriculture sector so that negotiations on Doha Round of WTO talks reach a fruitful conclusion.business Updated:
India on Friday said the US should take the path shown by European Union and offer to cut support it provides to the agriculture sector so that negotiations on Doha Round of WTO talks reach a fruitful conclusion.
The Doha round of talks at the WTO, which have been suspended since July last year, revived on Thursday in Geneva.
<b1>"We welcome the EU offer of flexibility on agriculture and are looking forward to something from the US," Commerce and Industry Minister Kamal Nath said after meeting with Greek Finance and Economy Minister George Alogoskoufi.
The EU has agreed for a higher cut in its farm tariffs as desired by developing countries but the US is unwilling to reduce its trade distorting agriculture subsidies.
Nath said, while the talks have restarted despite the key players sticking to their positions, in the coming weeks developed countries should show greater flexibility on agriculture tariffs and subsidies.
"The official level talks have started and things have been put back on the table. In the next few weeks there should be much more on the table," he said.
Nath said the current round at WTO is a development round and "we have to see that it leads to greater trade flows from developing to developed countries in agriculture, industrial goods and services".
The Greek Minister also wanted the US to tread the same path as EU. "The EU has made a conditional offer in agriculture to help reactivate Doha round and we expect a similar reaction from our partners across the Atlantic (US)," Alogoskoufi said.
First Published: Feb 09, 2007 16:41 IST