-
Trade-distorting subsidies may rise so much, Europeans fear, that America will break its Uruguay-round commitments.
ECONOMIST: What happened to free trade? | The
-
But the administration still has authority to complete talks it began under the so-called Uruguay Round of global trade talks.
CNN: Analysis: What's Next In Fast-Track Debate
-
In particular, it must persuade poor countries, which felt short-changed by the previous Uruguay round, that a Doha deal will be good for them.
ECONOMIST: Trade
-
But the tight and rigid timetable for Doha was designed to avoid a repetition of the Uruguay round, which overran by three years and still involved eleventh-hour horse-trading.
ECONOMIST: Doubts about Doha | The
-
In the Uruguay round, pushed by America, countries agreed to cut and set ceilings on their trade-distorting agricultural subsidies.
ECONOMIST: What happened to free trade? | The
-
In Uruguay , the left-wing opposition candidate, Tabare Vazquez, won nearly 40% in the first round of the presidential election.
ECONOMIST: Fees fuss