WASHINGTON, Jan 15: The United States will meet representatives of other major economies to try to negotiate a global agreement on the trade in services, the top US trade representative Ron Kirk said on Tuesday.

“The negotiations will begin in Geneva, Switzerland, with a group of 20 trading partners, who represent nearly two-thirds of global trade in services,” Kirk said, in a statement from his office.The talks come despite the languishing movement of the WTO's global Doha trade talks, where progress has been slowed due to the global economic slowdown.

Kirk said the talks on a services agreement would begin within 90 days. He expects the group of negotiating parties to increase as the talks proceed, according to a letter he sent to the US Congress.

The list of parties with which the US will negotiate includes Australia, the European Union, Hong Kong China, Japan and Mexico.

Kirk said that tradable services are five times less likely to be exported than manufactured products.

The services agreement should ensure greater “transparency and predictability” from trading partners by, for example, providing public notice of proposed regulations, Kirk said.

Negotiations in the World Trade Organisation's Doha round have been dogged by disagreement on how much the United States and the European Union should reduce farm aid and the extent to which emerging market giants such as India and China should cut tariffs on industrial products.—AFP

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