Troubled waters may lie ahead for talks at the World Trade Organisation (WTO) summit in Hong Kong over disagreement around the issue of European Union agricultural subsidies and tariffs.
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The EU is under pressure from the US and some of the world’s poorest countries to reach a fair trade agreement that would see farm subsidies reduced.
But according to a report on the BBC, Peter Mandelson, EU Trade Commissioner, warned that a new deal on immediate cuts was “not possible”.
Mandelson told assembled press that this round of talks should focus on agreeing a blueprint for reducing subsidies and tariffs next year.
“There’s simply too little on the table to negotiate about in Hong Kong,” he said in a pre-summit press conference.
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By GlobalData
