NEW YORK, New York (Reuters) – U.S. president George Bush told a United Nations summit that the United States was prepared to drop all trade tariffs, subsidies and other barriers if other nations did the same.
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.
Bush told 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.
