Tough Talking at Cancun Trade Summit

World | September 13, 2003, Saturday // 00:00
Tough Talking at Cancun Trade Summit Activists from the international Oxfam organization with masks of G8 leaders (L-R) Tony Blair, George W. Bush and Silvio Berlusconi play with breakfast food on a beach in Mexico where a WTO summit is held. Photo by AFP

World trade talks are hanging in the balance as negotiators attempt to break the deadlock on farm subsidies. The United States and Europe have clashed with developing nations on the third day of discussions in Cancun, Mexico. Singapore Trade Minister George Yeo, who has been given the job of bringing the two sides together, is expected to offer a compromise farm trade reform plan by Saturday. The so-called G21 group, which includes Brazil, China and India, wants a sharp cut in aid for farmers in rich nations. The EU and US say poorer countries must agree to broader legal and commercial reforms in return for any concessions on farming.

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