The World Trade Organisation (WTO) Director-General, Mr Pascal Lamy, on Monday confidently said that the deadlocked global trade talks could be wrapped up before a crucial June deadline when the special US legislation on the negotiations expires.Addressing a news conference here on the sidelines of an international seminar on `Saving Doha and delivering on development', Mr Lamy said: "The prospects of closing the gap appears more plausible and probable than ever. There has been a pretty good movement and we have the opportunity of closing the gap by the end of June."
The Doha Round of multilateral trade talks have remained in suspension for quite sometime because developing countries, including India, have sought deeper cuts in tariffs on agricultural imports levied by rich nations, as well as hefty cuts in farm subsidies the rich world doles out to its farmers. However, since February, some modest momentum was gained following bilateral and small group meetings in London and Geneva.
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