EUROPEAn UNION PRESS RELEASE
RIGID STANCE BY US MAKES BREAKDOWN AND SUSPENSION OF WTO DOHA NEGOTIATIONS INEVITABLE
Reacting to the unfortunate turn of events, EU Trade Commissioner Peter Mandelson expressed the EU's "profound disappointment and sadness... that the world trade talks are having to be suspended. This is neither desirable nor inevitable. It could so easily have been avoided.
In contrast to the US, the EU had used the meeting to reiterate its offer to improve access significantly to its agricultural market by slashing tariffs by an average of 50% if the US and others were willing to bear their fair share of the burden, in the US's case on farm subsidies. This was in addition to the EU's existing offer to eliminate 100% of its export subsidies and cutting trade-distorting domestic support by 75%.
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