Brazil and India gave thumbs down March 16 to proposals from the United States and the European Union aimed at meeting developing country demands for flexibility in a formula for reducing tariffs on industrial and consumer goods.
TWN Info Service on WTO and Trade Issues (Mar05/2)
BL Das' paper stresses that the developing countries should take a negotiating position that retains their present flexibilities in determining tariff policy that enables them to undertake industrial development.
Once there is satisfactory movement in agricultural market access - when Brussels agrees to a modest outcome - then the major developing countries will have to come forward with substantial nonagricultural access offers, WTD was told.
'We wanted a much more ambitious framework, but the US has already set the ground by suggesting its dual-coefficient ‘Swiss' formula and the EU and Norway with their credit-based approach, a key member of the 'Friends' group told WTD.