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| Thursday, 16 May, 2002, 05:35 GMT 06:35 UK US 'protectionism' condemned ![]() Hefty subsidies have been given to US farmers
The United States has been strongly criticised for reverting to protectionism to help American steel producers and farmers, at a meeting in Paris of the Organisation for Economic Cooperation and Development (OECD).
The exchanges, described as very frank, took place during the annual ministerial meeting of the OECD, which represents 30 of the world's most developed countries. The US will face more pressure on Thursday, when trade will top the agenda of this two-day meeting. The US has been left in no doubt over the anger and disappointment felt by many of its partners following US President George W Bush's decision to impose duties on steel imports and, just this week, to allow hefty subsidies for US farmers. Unfair measures Belgian Prime Minister Guy Verhofstadt, who chaired the meeting, said it would be hard to sum up all the words used to condemn US actions. He said American mid-term elections were no excuse for unfair measures which risked widening the gap between rich and poor countries. By blocking access to developed markets, he warned that wealthy nations will continue to sow the seeds of hate against themselves. That theme was picked up by Mexican President Vicente Fox, the OECD's only Latin American member. 'Tit for tat' fear Speaking in the European Parliament, he warned that US farm subsidies risked serious disruption to world agricultural markets. Many of America's trading partners clearly believe its actions go against the spirit of commitments made at the World Trade Talks in Doha last year. And with the European Union seeking to impose retaliatory sanctions for US steel tariffs, the fear is that those negotiations could become poisoned by a series of tit-for-tat responses. |
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