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'Food crisis still playing out on world trade'

Reuters

Posted: 2008-05-04 13:09:06+05:30 IST
Updated: May 04, 2008 at 1435 hrs IST

Nusa Dua, Indonesia, May 4:: key parameters for sensitive products," she said, referring to politically sensitive agricultural products that countries can opt to shield from the full impact of tariff cuts.

In other areas, there was more work to be done, she said.

"But I think what we're talking about here, and this is most significant, we're within a few weeks of taking a run at a horizontal process and that would start with the senior official process and then you'd have ministers come together," she said.

The 'horizontal process' is where negotiators make trade-offs between agricultural and industrial items.

Schwab played down concerns that any Doha agreement could struggle to get through Congress, which has failed to pass a free trade agreement with Colombia under the Bush administration.

"Traditionally, there's been more political push-back on bilateral free trade agreements than multilateral agreements."

The Doha talks were launched in 2001 to lower barriers to trade to give the world economy a lift and help the poorest countries to fight poverty by exporting more, but negotiators say without a breakthrough soon they could face more years of delay or outright collapse....

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