The recently-announced US proposal for the WTO fisheries subsidies talks—on the use of forced labour—is now available on the WTO website: docs.wto.org/dol2fe/Pages/S…
It was not discussed in today's negotiations session, but the talks will continue on Saturday and and Monday.
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The US proposal refers to the chair's latest draft ⬇️
Meeting on Saturday is unusual. It seems to be part of the effort to accelerate the talks so that all or most of the issues are settled by July 15 when ministers are due to meet online.
PS The US floated the idea in April. Today's focus was on special treatment for developing countries in provisions on illegal, unreported and unregulated fishing.
The US proposal may be discussed whenever the talks move to illegal, unreported and unregulated fishing in general
Update, Sat May 29:
Today's focus: illegal, unreported and unregulated (IUU) fishing
Members on different sides of the debate are said to have described the chair's text as helpful in narrowing differences. Differences remain, though.
More meetings scheduled every 2-4 days
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@BobWolfeSPS and I have written at length (with a short summary too) about the need to include transparency in the discussion of WTO reform. Releasing agendas publicly would be a good starting point
P.S. On the other hand, for a bit of balance, we do know what the @wto Dispute Settlement Body will discuss tomorrow. But it's an exception to the general rule
One way to compromise between high protective tariffs and market access
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Low or zero duty for limited quantities (quotas). Beyond that high tariffs kick in—not “phased in” @nicholaswatt@BBCr4today
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That way the two tariff levels allow some market access but keep it limited so some protection remains for local producers
It’s not the only way to compromise. Another: set a medium-level tariff for all imports of that product. But quantities would depend on supply & demand
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Advantage of a tariff quota: the limit of low/zero duty imports is known. With a medium tariff it is not known.
Disadvantages: complexity in the way the govt hands out the quota among importers, and “quota rent”—benefits, sometimes huge, to those with a share of the quota