A late intervention by World Trade Organsation chief Pascal Lamy on Friday (25 July) has saved global trade talks from collapse for now, suggesting fresh cuts in farm tariffs in return for access to industrial goods markets in the developing world.
The Lamy proposals would see the European Union reduce support for agriculture that is the most trade-distorting by 80 percent, matched by a cut of 70 percent by the United States.
Additionally, the EU would lower tariffs on farm produ...
Back our independent journalism by becoming a supporting member
Already a member? Login here