Global Trade Talks Collapse over Subsidy Spat
Global talks aimed at boosting trade appear to have collapsed. Pascal Lamy, head of the World Trade Organization, acknowledged the talks have been suspended and that there was no timetable for restarting or concluding the negotiations.
The so-called Doha Round has proved very difficult for negotiators. A major obstacle has been the call by developing countries that the United States and European Union end their agricultural subsidy programs.
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