WTO mediators urge "painful" compromise in talks
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Diplomats in charge of world trade talks challenged countries on Tuesday to abandon long-held positions and make "very painful" compromises on farm and industrial goods to salvage a deal.
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EU foreign ministers were struggling to forge an agreement on slowing down Turkey's European Union membership talks to punish Ankara for failing to respect its trade obligations to Cyprus.
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As negotiators try to relaunch global trade talks in Brazil, one says failure to reach a deal could have dire consequences.
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World Trade Organization (WTO) Chief Pascal Lamy said on Thursday that all leading WTO member states had signaled flexibility for a re-start of global trade talks, but it was not yet clear if they were ready to negotiate.
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Trade powers launched an eleventh-hour effort to rescue global trade talks on Tuesday as negotiators prepared for what the United States called a critical week.
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The World Trade Organization imposed penalties Friday on U.S. exports ranging from apples to textiles, escalating a trade dispute the Bush administration has struggled to defuse by unsuccessfully urging Congress to repeal legislation aimed at protecting American steelmakers.
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The U.S. and Europe headed toward a compromise Friday at the U.N. climate conference, breaking a deadlock over how ambitious the goal should be in negotiating future cutbacks in global warming gases, officials said.
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Global trade talks are on the cusp   of collapse and leaders of the world's most powerful   industrialized and developing countries must break the impasse   at a summit in Russia next week, World Bank President Paul   Wolfowitz wrote in a letter to each leader.
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EU and US trade officials both say they are willing to make concessions to break the deadlock in global trade talks.
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Negotiators at the World Trade Organization completed weeklong farm talks Friday, part of discussions on ways to reach a wider-ranging liberalization accord by the end of 2005.
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Ministers from trade powers tried on Sunday to push forward talks for a long-delayed deal to boost global commerce and ease poverty which risks running out of time this year.
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Brazil signaled tough talks ahead to  save a global trade deal on Wednesday, saying last-ditch  compromise proposals leaned too heavily in favor of rich  countries.
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Western nations seeking tighter U.N. sanctions on Iran over its nuclear program have offered some compromises to try to overcome Chinese and Russian objections but will still face resistance when talks resume later on Monday, diplomats said.
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The United States has told China to get serious about relaxing the restraints on financial information providers in a letter that could represent a final warning before the U.S. asks the WTO to intervene in the matter, the Associated Press learned Wednesday.
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Four key players in the World Trade Organization -- the United States, the European Union, Brazil and India -- met Tuesday for critical talks to break the deadlock blocking a global trade deal.
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Trade ministers from a key group  of developing nations pressed the United States and the  European Union on Saturday for more concessions to help break  deadlocked global trade talks.
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GENEVA, Jul 18 (IPS) - Several developing countries said Wednesday they  will oppose a steep down payment being demanded from them in  market access commitments for industrial goods as proposed in a  compromise draft text to revive the troubled Doha trade  negotiations.