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EU, Latin America Sign Bananas Agreement

Agreement ends one of the world's longest-running trade battles, cutting import tariffs on bananas from Latin America to the EU.

US Sets Trade Talks In China, Philippines

China is the fourth-largest export market for US Agriculture exports and the No. 1 buyer of soybeans.

World's Richest Man Endorses Crop Production Technologies

Bill Gates challenges industry and governments to embark on another Green Revolution.

Cuba On The Rise, Again

Production agriculture becomes a priority for the new president.

China To Reduce Ag Tariffs by 20-30%

According to a senior trade official, says the China Securities Journal, China will cut tariffs on both agricultural and non-agricultural products by 20 to 30%.

Venezuelan Defense Law To Affect Agriculture

The scope of the new Venezuela Agricultural Situation Consumer Defense Law 2008 will now include suppliers, consumers, importers, producers, distributors, traders, wholesalers, and warehouses that take part in any phase of the production, distribution, and consumption chain.

Doha Round Could Wrap Up In December

Sometime after Dec. 10 this year, another mini-ministerial meeting in Geneva to conclude the Doha Round of World Trade Organization (WTO) talks will take place, reports India’s Business Standard. This meeting is at the insistence of the US, Brazil, Australia, and the UK, who hope to wind up talks by the end of 2008.

ECPA Helps Launch Pesticide Hotline, International Conference

In partnership with the European Crop Protection Association (ECPA) Spain is launching a telephone hotline, while Poland is holding an international conference of enforcement officials from 18 different countries to help in the fight against counterfeit and illegal pesticides.

Thailand Pledges Better European Trade Cooperation

Thailand Prime Minister Somchai Wongsawat has pledged closer trade cooperation with Europe, saying that he welcomed European Commission President Jose' Manuel Barroso's initiative to set up a US $1 billion emergency food crisis fund, which he said would be useful for developing countries, particularly in Africa.

India To Review Edible Oil Import Duties; Won’t Drop Rice Export Ban

In view of falling global prices, the government of India may review import duty on edible oils after Diwali, although it will not lift the ban on non-basmati rice exports. According to a letter sent from the Solvent Extractors Organisation to the ministries of Agriculture, Finance, and Commerce, domestic edible oil prices have dropped by US $162 per tonne to $406. The letter urged for a re-imposition of import duty and lifting of the exports ban. Sharad Pawar, Food and Agriculture minister said: “When it will fall below the minimum support prices, we will intervene in the market. At the same time, we will have to see that in pulses and oilseeds, there is a gap between demand and supply. So attention should be given to the fact that it won’t impact oilseed and pulses production,” he said.

Nine More Chemicals Face Ban

Another nine chemicals could be added to the United Nations Environment Program’s (UNEP) "Dirty Dozen," according to a press statement. In addition to its list of 12 banned hazardous chemicals, include nine pesticides: aldrin, chlordane, DDT, dieldrin, endrin, heptachlor, hexachlorobenzene, mirex, and toxaphene. UNEP sponsors the Stockholm Convention on Persistent Organic Pollutants (POPs), a treaty banning hazardous chemicals.

USDA-FAS Allocates US $10 Million to Emerging Markets Programs

The US Department of Agriculture’s Foreign Agricultural Service (USDA-FAS) will set aside US $10 million for nearly 90 agricultural trade promotion projects in fiscal year 2008 under the Emerging Markets Program.