Zoellick Concentrates on Basics of Trade Pact; Urges WTO Leaders to Get Past Stalemate
Byline: Jeffrey Sparshott, THE WASHINGTON TIMES
The United States wants to pick up the pieces from failed global trade talks with a "common sense" approach and a nod to some developing nation concerns, the Bush administration's top trade official said yesterday.
Rich and poor countries fought to a stalemate during World Trade Organization talks in Cancun, Mexico, in September, all but ruining hope for new global rules governing trade in farm goods, manufactured goods and services by a year-end deadline.
A "good" agreement, with lower tariffs and reduced agriculture subsidies, would boost world economies by $520 billion and lift some 144 million out of poverty in the next 12 years, according to the …
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Publication information: Article title: Zoellick Concentrates on Basics of Trade Pact; Urges WTO Leaders to Get Past Stalemate. Contributors: Not available. Newspaper title: The Washington Times (Washington, DC). Publication date: January 13, 2004. Page number: A01. © 2009 The Washington Times LLC. COPYRIGHT 2004 Gale Group.
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