Mercosur against extending “Peace Clause”

[Say_What]

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“Argentina particularly, and Mercosur have decided not to extend the “Peace Clause”, and this will be one of the main four topics to consider with the Latinamerican Foreign Affairs ministers from the G 22 this coming Friday”, said Argentine Economic Policies Secretary Martin Redrado.

The negative vote of only one WTO member is enough to prevent the extension of the clause according to a 1994 decision of the WTO Uruguay Round.

This means that as of December 31 countries that subsidize agriculture and/or farm exports can be taken to international tribunals.

This Friday delegates from Egypt, South Africa, India and China are also expected in Buenos Aires to join the G 22 strategy deliberations for the coming WTO meeting next December in Geneva.

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