Tuesday, 29 July 2008

Atmosphere tense as WTO talks stall

GENEVA: Progress towards a global trade deal ground to a halt on Monday as the United States clashed with China and India over access to their rapidly growing markets and key European Union states demanded better terms."The situation is very tense. Things are finely balanced and the outcome is by no means certain," World Trade Organisation spokesman Keith Rockwell told reporters, as key WTO ministers resumed talks shortly after midnight.Negotiators battled over a "special safeguard mechanism" intended to help poor countries protect their farmers against import surges, with agricultural exporters like Costa Rica, Paraguay and Uruguay pitted against other developing countries.


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