A stand-off between China and the US over agricultural quotas is threatening to scupper efforts to secure a deal the World Trade Organisation is counting on to restore its credibility, officials said yesterday.
Negotiators meeting behind closed doors in Geneva are trying to reach a three-pronged agreement – on trade facilitation, agriculture and development – before next month’s biennial WTO ministerial meeting in Bali.
Roberto Azevêdo, the 160-member group’s new Brazilian head, has said such a deal is crucial to rehabilitating the WTO’s image and putting the stalled 12-year-old Doha round of negotiations back on track.
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