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WTO Draft Sets Deadline to End Subsidies

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cosmicone Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-18-05 03:55 AM
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WTO Draft Sets Deadline to End Subsidies
http://news.yahoo.com/s/ap/20051218/ap_on_bi_ge/wto_draft_agreement

HONG KONG - A final draft of a World Trade Organization agreement proposed Sunday that all nations end agricultural export subsidies by 2013 in a breakthrough that paves the way for an agreement from the six-day talks.

The revised draft, coming after all-night negotiations between delegates of key member nations, also calls on wealthy nations to allow duty-free and quota-free privileges to at least 97 percent of products exported by the so-called least developed countries by 2008.

In addition, the draft retained an earlier proposal that rich countries eliminate all export subsidies on cotton in 2006.

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