Archive - mars 8, 2007

Labor leaders from Brazil, India, South Africa and eight other developing countries joined together formally for the first time Thursday to fight demands by rich countries in global trade talks for sweeping cuts in industrial tariffs.

Brazil and India agreed this week to reject a coefficient of '15' as advanced by the European Union and the United States in the tariff-cutting formula for developing countries in the nonagricultural market access negotiations.

The United States needs to start giving some hard numbers in negotiations on farm subsidies to push global trade talks forward and meet a June 30 deadline, a senior Indian trade official said.