>March 20, 2005, Prensa Latina
>
>http://www.plenglish.com/article.asp?ID=%7B595D0F83-C4D9-4721-843A-0A6A92CFD502%7D&language=EN
>
>New Delhi - Developing countries making up the Group of 20,
>have agreed at a meeting here that the rich countries must
>drop farming subsidies within five years.
>
>Brazilian Foreign Minister Celso Amorim called this mechanism
>Saturday "the most harmful practice of protectionism", since
>it undermines every opportunity for developing nations to
>achieve a sound economy.
>
>G-20 representatives gathered in New Delhi to adopt a common
>stand with view to the year´s end World Trade Organization
>Ministerial conference in Hong Kong.
>
>This will be the second opportunity for developing nations to
>fight back industrialized countries at WTO following the
>failed 2003 trade summit in Cancun.
>
>Its battle to reform the world agricultural policies have
>been rewarded with recent legal victories on the US over
>cotton and for overpricing with the EU.
>
>The G-20 present member countries are India, Brazil, China,
>Chile, Argentina, Pakistan, Bolivia, Cuba, Egypt, Guatemala,
>Indonesia, Mexico, Nigeria, Paraguay, the Philippines, South
>Africa, Tanzania, Thailand, Venezuela and Zimbabwe.
>
>The Preferential Trade Agreement (PTA) India signed Saturday
>with MERCOSUR demonstrates unity among poor nations in
>protecting their diverse interests.
>
>India News digital edition says that the PTA, signed Saturday
>by the Brazilian head diplomat and Indian Commerce and
>Industry Minister Kamal Nath, extends preferential tariffs to
>some 900 products.
>
>India"s major export items to MERCOSUR are pharmaceuticals,
>transport equipment, inorganic/organic/agro chemicals,
>cotton, fabrics, garments, dyes, and coal tar while imports
>include edible oils (primarily soya), metaliferrous ores,
>metal scrap and non-electrical machinery.
>
>The PTA honors Brazilian President Luiz Inacio (Lula) da
>Silva who said the G-20 could organize a free trade area of
>its own comprehending other developing countries.
.