G-20 Meeting May Give Impetus to WTO Accord, U.K., Brazil Say - Bloomberg.com

March 21 (Bloomberg) -- Leaders of the Group of 20 advanced and emerging countries may help secure a global trade agreement that would help nations tackle the deepening worldwide economic slump, officials from the U.K. and Brazil said.

World Trade Organization negotiators have been seeking a deal since 2001 to cut agriculture subsidies and tariffs on industrial goods. While their efforts got a boost in November when the G-20 set a year-end deadline for an accord, the momentum fizzled from a lack of political will.

G-20 Meeting May Give Impetus to WTO Accord, U.K., Brazil Say - Bloomberg.com