US rejects latest EU farm offer in WTO talks
US Trade Representative Rob Portman on Wednesday rejected the latest offer from the European Union to cut tariffs on agricultural imports, which had been offered as part of an elusive deal to break down trade barriers. On the sidelines of World Trade Organisation talks here late Tuesday, EU Trade Commissioner Peter Mandelson reportedly proposed tariff cuts that would lead to an average decrease of 24.5 pct in the 25-nation bloc's import duties for farm produce. Portman told reporters the step was insufficient. 'That's not adequate. That does not even come close to the Uruguay round cut of 36 pct. I don't think anybody considers that adequate,' the senior US trade official said.
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