Citigroup, BA call on Bush and Barroso to act over trade talks

0 Comments | AFP, August, 2006

LONDON (AFP) — US banking titan Citigroup and British Airways have written to President George W. Bush and EU Commission President Jose Manuel Barroso to urge them to "identify a way forward" for stalled global trade talks, according to a letter obtained by AFP.

In the letter, signed by Citigroup chief executive Charles Prince and BA chairman Martin Broughton, the executives said it was "unacceptable" that transatlantic disagreements over agriculture were blocking progress on the liberalization of world trade.

"As co-chairs of the TransAtlantic Business Dialogue, we are writing to underscore our grave concern about the injury of the transatlantic marketplace -- and indeed the global economy -- will suffer if the Doha Round of multilateral trade negotiations in the...