THE United States plans to negotiate an agreement with the European Union,
Japan and 18 other economies to remove trade and investment barriers in services
ranging from finance to express delivery after having explored the idea of
launching talks on an International Services Agreement for nearly a year.
Big
emerging countries like China, India, Brazil and Russia have turned away from
the talks as according to them the services negotiations should be part of a
bigger discussion that includes agriculture and manufacturing trade barriers.
The Doha round of world trade talks, which began in 2001 and include all three
components, remains hopeless, deadlocked and has triggered the United States to
explore other options.
The
Geneva based services negotiations will include Australia, Canada, Chile,
Colombia, Costa Rica, the EU, Hong Kong, Iceland, Israel, Japan, Mexico, New
Zealand, Norway, Pakistan, Panama, Peru, South Korea, Switzerland, Taiwan,
Turkey and the United States, Kirk said in the letter to Congress. The group
represents nearly two thirds of global services and the United States hopes
other countries will eventually decide to join the talks.US intends to begin
talks on the pact within the next 90 days and will press for rules to promote
services trade over the Internet as part of the talks.
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