ìW.T.O. Moves to Revive Talks on Farm Subsidies: After disappointment in Cancun, a mood for compromise between the rich and the poor,î by Elizabeth Becker, New York Times, 2 June, p. C4.
The Old Core led by U.S. Trade Rep Bob Zoellick (the underappreciated visionary of this administration) is ready to deal on ag subsidies, and the EU as a whole is stepping up to the plateówith the French grumbling mightily, mais oui!
Look for a real breakthrough on this current set of negotiations done in advance of a bigger meeting later this summer.
Experts always love to talk about the WTO talks ìbreaking downî and ìcollapsing.î Reality is, people deal when they are ready to dealóand they are getting ready to deal on this one. This is both very good and very important.