World trade talks plunged into disarray on Friday as rich nations exchanged accusations over their long-protected farm markets and struggled even to agree on a package of measures to help the world's poorest.
The European Union stood firm Dec. 16 in resisting demands from key trading partners for an agreement at the World Trade Organization's Hong Kong ministerial conference on an end date for the elimination of export subsidies
Members of the World Trade Organization seemed to be making some progress on an initiative to help the world's poorest countries on the third day of the Hong Kong ministerial, where the U.S. has come under intense pressure to provide duty-free, quota-free access to all products from least-developed countries
By Martin Khor, TWN Info Service on WTO and Trade Issues (Dec 05)
The WTO Ministerial Conference seemed on the verge of unravelling after its third day, with many developing countries voicing opposition to the services part of the draft Declaration, and positions in non-agricultural market access being even more apart than before.