1. Trade-distorting domestic support—go for a numerical target or try to agree on words; a timetable for reducing the support; special treatment for developing countries.
EU🇪🇺“We often talk about the need to reform the WTO. It is maybe not so much the WTO that needs to undertake reforms. It is members that seem unable to agree on even the simplest issues and this is very disappointing”
As @BobWolfeSPS & I say—reform in capitals before Geneva
8/8
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So rules on amendments apply—WTO Agreement, Art.10, Par.3:
“Amendments … shall take effect for the Members that have accepted them upon acceptance by two thirds of the Members and thereafter for each other Member upon acceptance by it.”
1. The statement will only be issued by some members (about two thirds of the membership are not on board, although China and the US are reported to have joined the EU, Canada, Japan and others but not Brazil, India, SAfrica, etc
• Market access—nothing on tariff cuts, only transparency on applied tariffs (rates actually applied, at or below legally bound rates in the WTO)
• Export restrictions—notifications, exempting World Food Programme purchases from restrictions
First, a transcript of a White House briefing, including:
• The size of the tariff quotas—still to be announced
• The start of talks on a deal focusing on carbon intensity in the metals
• Avoiding Chinese content in EU steel—“melt-and-pour”
Cooperation on trade remedies (duties to countervail subsidies, anti-dumping actions, safeguard tariffs), customs, monitoring, and responses to “non-market excess capacity”.
2. PROPOSED GLOBAL ARRANGEMENT to “restore market-oriented conditions”
• Others can join
• In 2 years
• Bring into international forums
• Limit market access for non-market-oriented/carbon-intense exporters
• Discipline, coordinate own policies