|
 XIANGHE, China (AP) - Both developing and wealthy countries must make serious concessions on farm trade to salvage world trade talks, World Bank President Paul Wolfowitz said Saturday, appealing for compromise for the sake of 1.2 billion people living in dire poverty.
Wolfowitz, speaking on the sidelines of a financial summit of the Group of Twenty industrial and developing nations, urged Japan, the EU, the U.S. and other rich countries to wean themselves of agricultural subsidies to prevent a failure of the Doha round of world trade talks, which has stalled mainly over thorny farm trade issues.
"Unless serious concessions are made by everyone the Doha round of talks will fail and the people who will suffer the most are the poor people of the world," Wolfowitz said.
|