A good Reuters preview of the G20 gathering in PIttsburgh, “ANALYSIS-G20 heads to Pittsburgh with flat tire on trade.” Excerpt:
To bolster chances of meeting the end-2010 target for finishing Doha, the European Union has proposed an interim deadline of the end of 2009 for agreeing on the key formulas for cutting tariffs on farm and industrial goods, as well as reining in domestic farm subsidies.
U.S. businesses fear that could mean a deal without clear new export opportunities for them.
“We have not been seeking meaningful market access for eight years just to throw it away because someone wants an artificial deadline,” said Frank Vargo, vice president in charge of trade for the National Association of Manufacturers.
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