WTO ROUND DEAL
August 1st, 2004
BY KEITH NUTHALLTHE 'HALF-TIME' agreement on the current World Trade Organisation (WTO) round struck over the weekend in Geneva is an exercise in setting red lines, so that rich and poor countries protect their key interests.This so-called 'framework' deal struck at the WTO general council includes just enough numbers to guarantee poor countries there will be a significant reduction in developed world food production subsidies. Similarly, it will allow richer countries - especially the EU - to continue paying millions of Euros and Pounds to producers. Crucially, ...
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