
GENEVA, Switzerland, Jan. 30 (UPI) -- The chief U.S. trade negotiator said in Geneva Tuesday she did not expect a breakthrough on lowering trade barriers any time soon.
"Just as the last several months have been months of very intensive, quiet consultations and discussions, I suspect the next several months will be characterized by much of the same," Susan Schwab told reporters at the World Trade Organization.
"Clearly we have a lot of work to do to find a landing zone where we have convergence because we haven't identified that," she said.
She did say she felt some trade negotiators emerged from last week's World Economic Forum meeting in Davos, Switzerland, "with a new sense of optimism and a sense of momentum that had been sorely lacking since July."
Schwab did not put forward any proposals on stumbling-block issues, such as agriculture, that have deadlocked the current trade round, launched more than five years ago in Doha, Qatar.
Talks collapsed in July, largely over agricultural subsidies. The European Union does not believe Washington's proposal to cut farm subsidies goes far enough. Washington wants the EU to make deeper cuts in farm import tariffs.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption