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HONG KONG, Dec. 18 (UPI) -- Trade ministers representing most of the world's governments have set a deadline for wiping out subsidies of agricultural exports by 2013.
The deal is one that United States negotiators have been pursuing for two decades, the New York Times reported.
The final declaration from the talks -- which resolved several issues that have stood in the way of a global trade agreement -- requires industrialized countries to open their markets to goods from the world's poorest nations, a goal of the United Nations for many years.
The declaration gives fresh impetus for negotiators to try to finish a comprehensive set of global free trade rules by the end of next year, in time for President Bush to submit it to Congress before his special negotiating authority expires, the Times said.
"I now believe it is possible, which I did not a month ago," said Pascal Lamy, the World Trade Organization's director general.
The declaration does not settle the biggest trade issues facing the WTO's members, such as lower tariffs on agricultural and manufactured goods and limits on domestic farm subsidies.
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