Uncle
09-16-2003, 06:15 AM
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1059479846491&p=1012571727092
snippet1 The US on Monday sought to deflect blame for the collapse of the world trade talks in Cancun, saying that progress on agriculture was derailed by divisions between Europe and the developing countries over other issues.
"In the end it wasn?t on our issues that things broke down," said Josette Shiner, deputy US trade representative. "In fact serious progress was being made on agriculture and in many other areas."
snippet2 US manufacturers were scathing, saying that a "huge miscalculation" had been committed by the Group of 22, which is led by Brazil, India, China, Turkey and South Africa. "What they rejected was as good as it is going to get," said Frank Vargo, vice-president at the National Association of Manufacturers. "All they have done is to deny themselves the benefits, possibly for years."
snippet3 Europe's top trade negotiator made an emphatic plea to continue the trade negotiations. "The EU remains committed to a strong rules-based multilateral trading system and will continue to work in this direction within the WTO," said Pascal Lamy, the EU's commissioner for trade.
Seems like TPTB are trying hard to have other entities accept FRNs for goods, creating demand for FRNs. Wonder why ?<br><br>
snippet1 The US on Monday sought to deflect blame for the collapse of the world trade talks in Cancun, saying that progress on agriculture was derailed by divisions between Europe and the developing countries over other issues.
"In the end it wasn?t on our issues that things broke down," said Josette Shiner, deputy US trade representative. "In fact serious progress was being made on agriculture and in many other areas."
snippet2 US manufacturers were scathing, saying that a "huge miscalculation" had been committed by the Group of 22, which is led by Brazil, India, China, Turkey and South Africa. "What they rejected was as good as it is going to get," said Frank Vargo, vice-president at the National Association of Manufacturers. "All they have done is to deny themselves the benefits, possibly for years."
snippet3 Europe's top trade negotiator made an emphatic plea to continue the trade negotiations. "The EU remains committed to a strong rules-based multilateral trading system and will continue to work in this direction within the WTO," said Pascal Lamy, the EU's commissioner for trade.
Seems like TPTB are trying hard to have other entities accept FRNs for goods, creating demand for FRNs. Wonder why ?<br><br>