No breakthrough, no breakdown at WTO / EU resists move to throw out its farm subsidies
Heavily subsidized European farmers dominate the short list of winners from last week's World Trade Organization talks in Hong Kong. For most of the rest of the world, the trade summit was either a losing proposition or a stalemate where progress was put off to another day. The talks focused mainly on reforming global agricultural rules and produced an agreement to phase out all government subsidies to farm exporters by 2013.
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