Home' Trinidad and Tobago Guardian : December 5th 2013 Contents A26
Guardian www.guardian.co.tt Thursday, December 5, 2013
Available at all Damus Building Solutions Stores
The property is being sold "as is" without any responsi-
bility of the vendor to provide statutory approvals, sur-
veying data or warranty on its suitability for use for any
The mortgagee does not bind itself to accept the highest or
any offer. The property will be sold subject to all rates,
taxes and other outgoings that may be due at the time of
Closure of Teachers Credit Union's Offices
The public is hereby advised that all offices
of Teachers Credit Union Co-operative Society
Limited (Port-of-Spain, San-Fernando,
Scarborough & Sangre Grande) will be closed
at 12:30pm on Thursday 5th December and
remain closed on Friday 6th December,2013.
All offices will reopen for business at 8:30am
on Monday 9th December, 2013
BALI, Indonesia---Chances of a breakthrough in
global trade negotiations dimmed yesterday as
India refused to budge on food subsidies that
are an obstacle to an eleventh-hour agreement
at a World Trade Organisation summit.
US Trade Representative Michael Froman urged
the WTO s 159 member economies to work past
their differences to finalise a slimmed-down deal
to boost trade.
"Let us not sugar coat reality: Leaving Bali this
week without an agreement would deal a debil-
itating blow to the WTO as a forum for multi-
lateral negotiations," he told dozens of trade min-
isters gathered at the summit on the Indonesian
resort island. "If that happens, the unfortunate
truth is that the loss will be felt most heavily by
those members who can least afford it."
But Indian Trade Minister Anand Sharma left
little hope for a breakthrough. His government
opposes a provision that could endanger subsidies
for grains under an Indian policy to feed its poor.
"Agriculture sustains millions of subsistence
farmers. Their interests must be secured," he said.
"For India, food security is non-negotiable."
European Union Trade Commissioner Karel De
Gucht said India s concerns should not be a deal
"It should be possible to find a solution to this
remaining sticking point. Provided that everybody
is showing the necessary flexibility," he said.
The talks will either produce a deal that could
boost global trade by US$1 trillion or possibly
spell the end of the WTO s relevance as a forum
for negotiations after a decade of inertia.
The idea behind the agreement is that it would
level the playing field by forcing all countries,
rich and poor, to follow the same trade rules,
With fewer trade barriers, goods and services
of all types would be more affordable, creating
more employment and business opportunities.
The WTO estimates that easing customs bar-
riers would increase total world trade to US$23
trillion from its current estimate of US$22 tril-
Critics of the WTO rules, though, say they
may hinder countries from setting their own pri-
orities in environmental protection, worker rights,
food security and other areas. And they say sud-
den reductions in import tariffs can wipe out
industries, causing job losses in rich and poor
India refuses to budge on
subsidies at WTO talks
India's Trade Minister Anand Sharma, centre, listens during the plenary session
of the Ninth Ministerial Conference of the World Trade Organisation in Bali,
Indonesia, Wednesday. AP PHOTO
VIENNA---Opec oil ministers have decided
to maintain the organisation s production
target at 30 million barrels a day.
They have also agreed Wednesday to meet
again June 11.
If the sanctions on Iran s oil exports have
gone by then, then the June meeting could be
focused on attempts to curb overproduction.
Oil ministers say they are happy with present
prices and that supply and demand are in bal-
But Iran s oil minister said his country will
push to produce pre-sanctions levels as soon
as possible, even if that drives prices sharply
Iraq also wants to increase production, and
Libya says it hopes it can boost output once
unrest ends. (AP)
Opec leaves production
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