Lamy throws the ball in US court, defends EU position
Following US trade representative Susan Schwab’s comments that “substance” and “content” and not “artificial deadlines” would be able to break the deadlock in Doha negotiations, WTO director-general Pascal Lamy came searching for support in India.
Addressing a dinner meeting, organised by the Federation of Indian Chambers of Commerce and Industry (Ficci) last week, Lamy said, “The US will only extend the deadline of its fast track authority if something concrete is on the table.”As expected, Lamy being a former EU trade negotiator, missed no chance in defending the European position. He said EU was “biting the bullet” on subsides. Saying that the EU has already committed subsidy reduction in its new Common Agriculture Policy, he threw the ball in the US court to follow the suit.
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