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WTO finds 'path forward' for struggling trade talks

A World Trade Organization draft deal to open up farm and manufacturing commerce has provided a "path forward" to ending seven years of frustrating talks on a new global trade pact, the top U.S. negotiator said Friday. U.S. Trade Representative Susan Schwab said after a meeting of more than 30 countries that many issues remained to be resolved if the WTO were to reach a framework deal slashing farm subsidies and cutting agricultural and industrial tariffs around the world. She said negotiators now have a "tentative agreement on a path forward," but warned that some "large emerging markets" still threatened to block a breakthrough. It was a clear reference to India, which has struck a defiant tone in talks this week seen as perhaps a final chance for the WTO's Doha round of trade talks, which was launched in Qatar's capital in... [read full story]                    

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