Pessimism pervades pre-WTO summit atmosphere
Pessimism and intransigence from both Europe and the US means that next week’s vital WTO trade talks in Hong Kong will collapse in embarrassing failure unless concessions are made fast. EU trade commissioner Peter Mandelson yesterday accused countries including the US of not pulling their weight, while American politicians have warned that support for the round could be jeopardised if the ministerial meeting focuses exclusively on the demands from a few developing countries.
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