Failed Trade Talks Sept03
Khanbhai, Conservative Euro MP for the East of England, has condemned the
failure of Western governments to reach agreement on trade talks in Cancun
World Bank estimated that 144 million people would have been lifted out of
poverty if a deal had gone through in Cancun.
from Brussels, Mr Khanbhai, a leading Member of the Development Committee
in the European Parliament said:
meeting of the World Trade Organisation should have been a chance for the
West to show it was serious about eliminating world poverty by slashing
generous subsidies to its farmers.
the collapse of the talks is likely to hit economic growth and create job
losses worldwide. The refusal of the European Union and the United States
to cut their state aid to farmers, worth more than £500 million a day, is
a huge disappointment to those of us who have been fighting for a fairer
trade system which benefits the poor as well as the rich."