Trade talks enter crucial phase


BBC News | Trade Observatory | Sept. 12, 2003:
World trade talks are hanging in the balance as negotiators attempt to break the deadlock on farm subsidies. As a third day of discussions gets underway in Cancun, Mexico, the United States and Europe is again expected to clash with a bloc of developing nations bent on re-writing world trade rules.

The EU and US say poorer countries must agree to broader legal and commercial reforms in return for any concessions on farming.

Observers say there is little chance of progress on other issues at Cancun until this has been resolved. MORE>


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