WTO TALKS FAILURE

BY KEITH NUTHALLWORLD Trade Organisation member countries last week failed to agree liberalisation targets for the WTO's three-years-old agricultural talks. Member countries had until March 31 to approve so-called modalities, binding global targets for cutting tariffs, quotas and subsidies, which would be realised in detailed bilateral horsetrading over the next two years. With this deadline being missed, diplomats have until the WTO's next ministerial summit at Cancun, Mexico, in September, to strike a deal or face potential chaos at this meeting. Agricultural ...


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