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US will drop trade barriers if others do: Bush
(Reuters)
Updated: 2005-09-14 23:18

U.S. President George W. Bush told a U.N. summit on Wednesday that the United States was prepared to drop all trade tariffs, subsidies and other barriers if other nations did the same, Reuters reported.


President Bush (bottom) addresses delegates as Prime Minister of Sweden and Co-Chair of the General Assembly (GA) Goran Persson (C) looks on with United Nations Secretary General Kofi Annan (L) and President of Gabon Omar Bongo, also Co-Chair of the GA, at the start of the 2005 World Summit and 60th General Assembly of the United Nations, in New York September 14, 2005. [Reuters]

Eliminating trade barriers "could lift hundreds of millions of people out of poverty over the next 15 years," Bush said, calling for a successful conclusion to World Trade Organization talks on trade and development, known as the Doha round of negotiations.

Bush told the gathering of some 150 world leaders at U.N. headquarters that the United States had previously signaled its willingness to eliminate agricultural subsidies and other barriers "to open markets for farmers around the world."

"Today I broaden the challenge by making this pledge: The United States is ready to eliminate all tariffs, subsidies and other barriers to the free flow of goods and services if other nations do the same," he said.

"This is key to overcoming poverty in the world's poorest nations. It's essential we promote prosperity and opportunity for all nations."



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