Brazil seeks Doha restart with India and WTO

06 July 2007 18:24  [Source: ICIS news]

HOUSTON (ICIS news)--Brazilian Chancellor Celso Amorim met on Friday in Geneva, Switzerland, with officials from India and the World Trade Organisation (WTO) seeking to restart Doha round negotiations on agricultural subsidies, official sources said.

Amorim was scheduled to meet with Indian Trade and Commerce Minister Kamal Nath and separately with WTO director general Pascal Lamy to discuss strategies to restart stalled talks over the reduction of agricultural subsidies in developed countries that affect the markets for biofuels such as ethanol and biodiesel among others.

In June, talks broke down at the G4, which includes the US, the EU, India and Brazil, but at the time Lamy issued a statement hoping for advancement of the Doha round understandings in the larger context of the WTO.

Brazilian industry sources close to the ethanol trade were pessimistic on a breakthrough, given entrenched agricultural subsidies in Europe and the US.

By: John Waggoner
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