The director-general of the WTO, Pascal Lamy, is visiting Beijing to resume strained global trade talks, China Economy reported. In an interview prior to his arrival, Lamy said developing countries should contribute to the trade talks in order that they can be concluded in the next six to nine months. Delegations from the US, the EU, India and Brazil will meet in Germany next week to talk about possible compromise solutions to the stalled Doha Round, which kicked off in 2001 to promote international trade between developed and developing economies. The talks were suspended due to disagreements over agricultural subsidies and tariffs. Lamy said WTO member states needed to reach an interim consensus on slashing subsidies and tariffs before further talks could take place.
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