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International Trade
Newsletter - July 29, 2002
 
In this Issue...
Bush Administration Announces Proposal for Doha Round Reform of the Global Agricultural Trade System
 
July 29, 2002
 

The United States has announced its proposal for comprehensive agricultural trade reform, a goal to which WTO members committed as part of the Doha round. At the November 2001 Ministerial Conference in Doha, which launched this round, members set a January 1, 2005, date by which to agree on agricultural reform through substantially improving market access, reducing all forms of export subsidies, and substantially reducing trade-distorting domestic support. The Administration's proposal provides the basis on which the United States will produce its first comprehensive draft commitment, due by March 31, 2003.

The United States proposal includes the following:

  • reduction of tariffs on agricultural goods to a maximum level of 25 percent and a target date for the elimination of all agricultural tariffs

  • expansion of Tariff-Rate Quotas by 20 percent and elimination of in-quota duties, phased in over a five-year period

  • elimination of all export subsidies phased in over a five-year period in equal annual increments

  • prohibition on export taxes on agricultural products, with a limited exception created for developing countries for revenue-generating purposes

  • classification of all domestic subsidies as either trade-distorting or non-trade distorting

  • cap on trade-distorting subsidies at five percent of the value of agricultural production and a target date for elimination of all subsidies