MANDELSON REJECTS AUSTRALIA PLAN FOR WTO RELAUNCH
September 1st, 2006
BY KEITH NUTHALL
EUROPEAN Union (EU) trade Commissioner Peter Mandelson has been accused of stymieing the relaunch of the World Trade Organisation's Doha Development Round by rejecting an Australian compromise proposal. It has suggested the EU agrees cutting its average food tariffs by 5%; the US slashes US$5 billion from its food production subsidies; and developing countries also cut duties by 5%. Speaking to the Australian Financial Review, Mr Mandelson rejected the deal as "undoable" and overly pressuring EU producers. Australian trade minister ...
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