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Santos said the Philippines' reliance on trade with the US has gone down because of growing trade with Japan, Greater China and Asean.

Several developed countries have intensified their advocacy in the World Trade Organisation for a simple Swiss or non-linear formula that would result in steep tariff reductions in imports of industrial goods in developing countries.

Several developed countries have intensified their advocacy in the WTO for a simple Swiss or non-linear formula that would result in steep tariff reductions in imports of industrial goods in developing countries.

Latest news from the Carribean Regional Negotiating Machinery.

The World Trade Organization suspended a formal meeting on agriculture negotiations here late last week after countries failed to agree on a system of calculations for comparison of tariffs.

Wisdom prevailed to accommodate the interests of various diverse group in preparation for the battle. The G-20 responded well to the sensitivities of the LDCs and other groups.

The Ministerial meeting of the Group of 20 developing countries concluded with the adoption of a Declaration and a press briefing in which Ministers from participating countries took part.

TRADE Secretary Juan B. Santos said it is premature to enter into a bilateral free trade agreement with the United States.

The Declaration of the G-20 Ministers called for the elimination of all export subsidies in agriculture within five years.

The Ministerial meeting of the Group of 20 developing countries concluded with the adoption of a Declaration and a press briefing in which Ministers from participating countries took part.