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"We will move on farm aid if the US does so too", said EU trade commissioner Peter Mandelson (Photo: European Commission)

World trade talks deadline set to be missed

Both EU and US officials claim they are prepared to make the concessions needed to wrap up the current world trade talks despite a missed 30 April deadline.

This week's meeting of the World Trade Organisation's (WTO) ministers was cancelled due to a lack of progress among negotiators, necessary for an overall deal on world trade liberalisation scheduled for the end of the year.

The 30 April deadline was agreed by ministers from 150 countries gathered in Hong Kong last December, a...

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"We will move on farm aid if the US does so too", said EU trade commissioner Peter Mandelson (Photo: European Commission)

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