Business Services Industry
Mexico, developing countries were losers in WTO breakdown, EU official says.
Internet Securities, September, 2003
MEXICO CITY, Sep 17, 2003 (Diario de Yucatan/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The European Trade Commissioner said Tuesday that the developing countries stand to lose more from the breakdown of talks at the World Trade Organization (WTO) meeting than the developed nations.
"Cancun was a lost opportunity," said Pascal Lamy in Brussels, Belgium. He especially criticized the inflexibility of the developing countries, saying that the European Union "had put a lot on the table regarding agriculture," such as eliminating subsidies on certain exported goods.
"We were ready to give a lot," he said, although he acknowledged that Europe was not going to cross "the red line." The European Union would have offered to reduce subsidies to the...
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