US-EU summit didn't overcome world trade obstacles

By
June 21, 2006 18:00

The European Union and the United States recommitted themselves Wednesday to getting long-stalled world trade talks back on track, but their summit did not overcome lingering obstacles before next week's crucial round in Geneva. US President George W. Bush discussed the issue in his meetings with senior EU officials, but officials said the talks did not give a significant boost to efforts to forge a far-reaching deal this summer. The 25-nation EU has been pressing Washington to offer more concessions, especially in cutting domestic support to farmers, before of the next round of World Trade Organization talks in Geneva on June 27-28. Both the EU and the US have been criticized for not doing enough to open their markets to farm products, while the two trade giants want major developing countries such as Brazil and India to liberalize their industrial and services sectors.


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