WTO trade negotiations seemed to reach a stalwart after ministers pulled back from a first tentative agreement and harsh words were exchanged on Monday. However, negotiators have resumed talks to try to find a way out of the impasse.
GENEVA - Talks to rescue a world trade deal struggled into a ninth day on Tuesday after being brought back from the brink of collapse over measures intended to help poor countries protect their farmers against import surges.
Ministers said they would try to find ways out of the impasse, but warned failure was a real possibility.
"If people don't want this deal, there's no better deal coming along and we just have to consider, if this fails, what they will lose," EU Trade Commissioner Peter Mandelson told reporters on his way into the negotiations. Trade officials said the talks aimed at salvaging the seven-year-old
Negotiators dug in their heels on the details of a "special safeguard mechanism" which would allow poor nations to protect their farmers against any import surges in agricultural products such as rice.
The proposal also pits developing farm exporters like
Nine European Union states -- a third of the total and including EU heavyweight
French Economy Minister Christine Lagarde said
"And we in France and Europe say: 'Stop, we can't just open the floodgates and leave the next 14 years to the Chinese to prepare themselves as if they were an emerging country,'" Lagarde told France Info radio.
Top trade officials from around 30 key WTO members have been in
The negotiations for a global deal trade to lower export barriers were launched in 2001, shortly after the Sept. 11 attacks on the
Date created : 2008-07-29