The United States and European Union have been unable to overcome disagreements over farming subsidies and tariffs when the last round of international negotiations took place in Geneva in July. “We both recognize that the best way to help impoverished nations is to complete this Doha round and to encourage the spread of wealth and opportunity through open and reasonable and fair trade,” Bush said, referring to the capital of Qatar, which hosted the first round of the World Trade Organization negotiations in 2001. Barroso emphasized the need to move quickly on reaching deal and said he and Bush ordered their negotiators to reach a “solution as soon as possible.” Barroso appeared upbeat after meeting with Bush for about an hour, saying the two sides had realized action had to be taken. “We are really at defining moment,” Barroso said. The ill-starred pact, which seeks to make it easier for developing countries to export products to richer nations like the United States and those in Europe, was launched in 2001 but has repeatedly stalled. Agriculture has been a main sticking point for the agreement and despite Monday’s positive talk, there is still deep-seated discord over farm subsidies. US subsidies now… Read full this story
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