World trade deal hailed as ‘historic’, but pressure groups fear a ‘catastrophe
Independent UK
Ministers from the world’s richest and poorest countries struck an 11th-hour deal yesterday to boost trade by cutting farm subsidies and import tariffs worldwide.
After five days of intense negotiation, the World Trade Organisation agreed to an interim text and set a deadline of December 2005 to hammer out a new global deal.
The deal was hailed as “historic” by the WTO and the main wealthy nations but fiercely attacked by activist groups who condemned it as a “catastrophe for the poor.” full article