Cautious optimism emanated from the latest round of World Trade Organization talks in Hong Kong. Here is a joint statement issued Monday by the U.S. Dairy Export Council and the National Milk Producers Federation.
After a week of intense negotiations in
The due date for draft modalities ― the specific formulas that dictate how reforms will be carried out ― was moved back to
The draft declaration commits countries to eliminate all export subsidies by 2013, and provides preferential treatment to least-developed countries. However, details and formulas dictating specifically how subsidies will be cut or how markets will be opened were not addressed in
Therefore, discussions in the first few months of 2006 will now be crucial to comply with the new timetable and reach an agreement by the end of the year. The objectives of the
Toward that end, the U.S. Dairy Export Council and National Milk Producers Federation staffs will continue to work closely with