Wednesday, March 25, 2009

WTO pressures U.S. as world trade tumbles

The sharp drop in world trade has increased calls in Europe, Asia and Latin America for a quick conclusion to the Doha round on the basis of texts proposed in December.

But the Obama administration has said it cannot agree to proposals for cutting U.S. farm subsidies and politically sensitive manufacturing tariffs until advanced developing countries, including Brazil, India and China, make better offers to open their markets to U.S. goods and services.
WTO pressures U.S. as world trade tumbles

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