US calls for speedy end to WTO trade round

15th March 2006, Comments 0 comments

15 March 2006, BERLIN - US Secretary of Agriculture Mike Johanns called Tuesday for an end to the current world trade talks in a bid to help speed up the dismantling of trade barriers and suggested that a compromise could be possible.

15 March 2006

BERLIN - US Secretary of Agriculture Mike Johanns called Tuesday for an end to the current world trade talks in a bid to help speed up the dismantling of trade barriers and suggested that a compromise could be possible.

"I remain optimistic," he said after a meeting in Berlin with German Minister for Economics and Technology Michael Glos.

Within the next six weeks however we have to reach a compromise. "One cannot wait until the last day," Johanns told DPA.

The negotiations over a further liberalisation of world trade are due to be wound up at the latest at the end of 2006. The goal is to reach a result by the end of April.

He said he hopes that a conclusion of the trade talks would lead to an opening to markets.

The so-called Doha round is aimed at facilitating trade in industrial goods and services so as help in the fight against poverty in developing countries.

Despite talks between several member states of the World Trade Organization in London at the weekend, there was still no break- through in sight. The negotiations were postponed without agreement.

In December, the European Union and the United States agreed to abolish billions-worth of export subsidies for agriculture products at the latest by 2013.

DPA

Subject: German news

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