China hopes to hold talks with the United States and European Union over the surge in exports of textiles and apparel to those markets since the Jan. 1 lifting of quotas, a leading Chinese textile industry representative has said.
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.