Just seems like it should be a chant, doesn’t it? Doha! Doha! Doha! At any rate, Reuters has a good report on manufacturers’ arguments that the APEC meeting in Sydney, Australia, demands serious effort to revive the Doha round of WTO negotiations.
WASHINGTON (Reuters) – U.S. manufacturers urged Asia-Pacific leaders on Wednesday to endorse a strong formula for cutting industrial tariffs to salvage a proposed world trade deal.
“The Doha Round cannot be a success without significant cuts in the real market access barriers preventing faster trade growth,” John Engler, president of the National Association of Manufacturers, said in statement.
And the stakes are …
Although the United States is under pressure to offer deeper farm subsidy cuts, U.S. manufacturers say there won’t be a deal unless advanced developing countries like India, Brazil and China open their market to more foreign goods.
“They have to recognize the big gorilla is manufacturing, which accounts for 70 percent of world trade,” said Frank Vargo, vice president for international economic affairs at the manufacturing group. “We don’t want (the APEC statement) to just talk about agriculture.”
NAM President Engler’s statement is here.
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