25 march 2011.doc

25March2011 ReportoftheContactGrouponRegulatedPricesTheselectedMembersoftheContactGrouponRegulatedPriceswereBrazil,Canada,China,EuropeanUnion,,andMarch14,16,:Argentina,Australia,Egypt,India,Japan,Korea,,:– IstheamendmenttotheChair'(c)necessary?– (c)isadopted,shoulditbedonesohorizontally?– Whatisthedefinitionof“regulated'?– Therecouldbegovernmentregulationwithoutdistortion;governmentregulationdoes notnecessarilymeanasubsidyisbeingprovided–forexample,governmentsmay petitionorsocialpolicy– Someargueddualpricingassuchshouldnotbeaddressed,whileothersargueditshould– Externalbenchmarksshouldonlybeusedasalastresortandiftheyareused,they shouldbeadjustedtoreflectconditionsinthedomesticmarket– Useofexportpricescouldbeproblematic;ifexportpricescannotbeused,abenchmarkpricecouldbeconstructed– Constructionofabenchmarkpricewouldbedifficult– Ifdomesticpricesarenotavailable,externalbenchmarksmaybenecessary– AmendmentinArticle14(d)maynotbebroadenoughtocoverallpossibili