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U.S. hopes to bridge divide with Europe in trade talks

(Monday, May 5, 2003 -- CropChoice news) -- Addressing German "captains of industry," U.S. trade representative Robert Zoellick said that the United States would be friends with Germany if it goes along with a free trade agenda.

Zoellick wants the European Union to slash its $60 billion worth of subsidies to farmers. However, the EU has resisted such a move. Failure of the EU and USA to reach a compromise on agriculture could scuttle the current round of trade talks that started in 2001 in Doha, Qatar.

The World Trade Organization will hold a meeting in Cancún, Mexico, in September judge progress on the talks.

See full story at http://www.nytimes.com/2003/05/05/business/worldbusiness/05TRAD.html