Thank you very much.
Mr. Braghetto wants the question, but I'll take it, if I may, because I have been to Cancun and Hong Kong, and next week will be in Geneva, trying to do exactly what you have said, trying to revive the process and in the manner that indeed you mentioned, which is very important for the global economy. It's a very ambitious project, of course, to get unanimity on overall trade, particularly on the point you mentioned on agriculture.
Now, this is not the view of the delegation; it's particularly my own view regarding agriculture, and I hold it very, very close.
Agriculture represents 5%, give or take a percentage point, of world trade. The other 95% of trade is held back by this insistence on everything agricultural going through. As you know, agriculture is a very emotive issue, with very regional aspects.
I come from the west of Ireland, where we have only small farmers. I would say that the common agricultural policy has sustained small units right throughout its history. We have, I believe, reformed that to be non-trade-distorting. I hope that in agriculture we will get some sense of bringing together those who wish to go forward on trade overall. That is our ambition, and that is very much the ambition of our commissioner, Mr. Mandelson. I do not agree with him that he should reduce our agricultural portfolios, because I believe we should not outsource our food security. That's an aspect that I in particular will be very strong on.
Now, the overall project of the Doha development round is our ambition and our aim, and it will continue to be that. We'll have to tweak the system on agriculture somewhat, but I believe we can. I believe by agreement we can. But you know that the U.S. Farm Bill has to be revised accordingly and downsized accordingly to even approach our level of reform in the CAP.
At the same time, I don't think you should dismantle the whole project by being over-ambitious. We have to be careful here. Even though I might be a lone voice on the international trade committee in the European Parliament at times, I'm not talking about the rancher-type farmer; I'm talking about the heart and soul of Europe, the small or medium farmer.
So we have to be conscious of that overall approach.
That is my response to you, sir.