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Wednesday, November 16, 2005

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HEADLINE
 
Developing nations must budge on trade : WB
11/16/2005
 

          BRUSSELS, Nov 15 (BSS/Reuters) - Developing countries must make concessions to enable a global trade agreement that would benefit the world's poorest people, World Bank President Paul Wolfowitz said yesterday.
After talks with European Commission President Jose Manuel Barroso and his team, Wolfowitz appeared to voice sympathy for the European Union's position that it cannot make further concessions on agriculture without moves from others on trade in manufactured goods and services.
"Agriculture is an important part of the agenda but I think it's important ... that it has to cover agriculture and manufacturing and services," he told a joint news conference.
"You're not going to get to a deal by looking at just a single dimension and you're not going to get to a deal by playing a blame game," Wolfowitz said, declining to point a finger at EU member France, which has fiercely resisted any further concession on lowering farm tariffs.

 

 
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