Kyoto, November 15:
US president George W Bush today hailed British premier Tony Blairâ€™s call for renewed efforts to revive difficult free trade talks and promote economic development. â€œI welcome and endorse his call for action to ensure a successful outcomeâ€ to Doha Round of WTO talks, Bush said. â€œAll WTO members will have to do the-ir part,â€ if next mo-nthâ€™s WT-O meeting is to be a success, he said, adding that freer trade could â€œlift hundreds of millions of people out of poverty.â€ Developing nations have argued that the chief obstacle to the talks is the level of agricultural subsidies in the US and the EU, as well as barriers to farm imports.
But Bush said that, if the US and the EU make â€œreal cuts to agricultural subsidies and tariffs,â€ then poorer nations will have to â€œcome forward with significant proposals to cut tariffs and reduce barriers on manufactured goods and services. Trade is the engine for a sustained expansion of prosperity around the world,â€ Bush said.
Strasbourge: EU trade commissioner Peter Mandelson lam-ented â€˜finger-pointingâ€™ by Asian leaders over Europeâ€™s attitude in tr-ade talks and reepeated that the EU did not plan to make a new offer on farm aid. â€” AFP