WTO mediators float ways to save global trade pact
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Mediators at the World Trade Organization made a bid to salvage a global free trade deal on Tuesday by proposing compromises to overcome impasses in the key areas of agriculture and industrial goods.
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SANTIAGO, Chile  - Pacific Rim trading nations  said on Wednesday they should pool their influence to breathe  new life into talks to free up world trade.
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The European Union called Monday for more movement from its partners in World Trade Organisation talks after WTO chief Pascal Lamy injected a sense of urgency into attempts to revive the negotiations.
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Investor's Business Daily - Trade negotiators may be near a breakthrough, said U.S. Trade Rep. Susan Schwab. The Bush administration is hoping, after over 6 years of fractious talks, to overcome divisions over tariffs, subsidies and other trade rules, and produce a new global pact before Pres. Bush leaves office. Rich nations want lower tariffs on industrial goods and services; poor nations want farm subsidies and tariffs scrapped.
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The step could avert a trade war with the U.S. and the European Union over a new influx of low-cost Chinese garments.
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World Bank president Robert Zoellick backed Friday fresh proposals to drive the deadlocked round of World Trade Organization negotiations to a conclusion this year.
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U.S. officials on Monday passed on a European plan to inject new life into stalled world trade talks, saying they would stick to informal discussions they've been holding since the Doha Round collapsed in July.
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SANTIAGO: A new global free trade deal is possible by 2005/2006 with help from the major Asia-Pacific trading powers, US Trade Representative Robert Zoellick has said.
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BRUSSELS The World Trade Organization is expected to approve on Friday the imposition of trade sanctions worth $150 million on the United States by the European Union, Japan, Canada and others after a legal issue was resolved Thursday.
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HELSINKI, Finland The EU called for a restart of world trade talks Saturday but made clear for the first time that it would pursue bilateral deals in Asia and elsewhere while a global accord remains stalled.
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Negotiators on Friday were set to plan their next steps at the World Trade Organization after key talks between four leading powers collapsed, casting doubt on whether a long-sought free trade pact can be clinched.
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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 last chance for a world trade  deal could slip away in the next few months unless India,  Brazil and other advanced developing countries offer meaningful  commitments to open their market to more foreign goods, U.S.  private sector experts said on Tuesday.
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The four key players in the World Trade Organisation -- the United States, the European Union, Brazil and India -- arrived in Potsdam outside the German capital on Tuesday for critical talks to break deadlock over a global trade deal.
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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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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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Even a modest global trade pact may be better than nothing, according to economists and analysts who say the implosion of faltering World Trade Organisation talks would carry big costs.