ld be held the following week. According to him, both the US President George W. Bush and Russian President Vladimir Putin would be setting a new target after completing their trade negotiations this month. Meanwhile, Russian Economy Minister German Gref was quoted as saying that the discussions concerning certain trade issues were progressing. It must be noted that the US has urged the Russian government to make its market more accessibleIndia and South Africa have recently called for the wealthier nations to offer further cuts in their farm subsidies in order to help revive the global trade negotiations. Both the Indian Prime Minister Manmohan Singh and South African President Thabo Mbeki said that the suspension of the Doha Development Round of trade talks was not only disappointing, but it also resulted to serious setbacks on the part of the developing nations. The members of the World Trade Organization were supposed to reach a consensus and come up with an outline of an agreement last July. But the global trade negotiations collapsed after six key players, including the US, the EU, India, and Brazil, had failed to settle their disputes. On one hand, the richer countries have sought for more access into the markets of the developing nations. On the other hand, the developing countries have demanded the wealthier nations to offer more cuts in their farm subsidies.

India and South Africa have already agreed to cooperate more in multilateral fora like the G-20, G-77, and Commonwealth in order to resolve many global trade issues and challenges. Both Mr. Mbeki and Mr. Singh were disappointed that the Doha Round of trade talks collapsed due to the clash of interests between the developing countries and the richer nations. The two leaders said that key players such as the US and the EU should make substantial cuts in their farm subsidies in order to establish a market-oriented and fair trading system particularly in the agricultural sector. Moreover, an improvement in their offers would also help fuel the stalled negotiations.

Meanwhile, Maxim Medvedkov said that discussions concerning the Doha round of global trade talks were continuing. He added that the next round would be held the following week. According to him, both the US President George W. Bush and Russian President Vladimir Putin would be setting a new target after completing their trade negotiations this month. Meanwhile, Russian Economy Minister German Gref was quoted as saying that the discussions concerning certain trade issues were progressing. It must be noted that the US has urged the Russian government to make its market more accessible

rs of the World Trade Organization were supposed to reach a consensus and come up with an outline of an agreement last July. But the global trade negotiations collapsed after six key players, including the US, the EU, India, and Brazil, had failed to settle their disputes. On one hand, the richer countries have sought for more access into the markets of the developing nations. On the other hand, the developing countries have demanded the wealthier nations to offer more cuts in their farm subsidies.

India and South Africa have already agreed to cooperate more in multilateral fora like the G-20, G-77, and Commonwealth in order to resolve many global trade issues and challenges. Both Mr. Mbeki and Mr. Singh were disappointed that the Doha Round of trade talks collapsed due to the clash of interests between the developing countries and the richer nations. The two leaders said that key players such as the US and the EU should make substantial cuts in their farm subsidies in order to establish a market-oriented and fair trading system particularly in the agricultural sector. Moreover, an improvement in their offers would also help fuel the stalled negotiations.

Meanwhile, Maxim Medvedkov said that discussions concerning the Doha round of global trade talks were continuing. He added that the next round would be held the following week. According to him, both the US President George W. Bush and Russian President Vladimir Putin would be setting a new target after completing their trade negotiations this month. Meanwhile, Russian Economy Minister German Gref was quoted as saying that the discussions concerning certain trade issues were progressing. It must be noted that the US has urged the Russian government to make its market more accessible

althier nations to offer more cuts in their farm subsidies.

India and South Africa have already agreed to cooperate more in multilateral fora like the G-20, G-77, and Commonwealth in order to resolve many global trade issues and challenges. Both Mr. Mbeki and Mr. Singh were disappointed that the Doha Round of trade talks collapsed due to the clash of interests between the developing countries and the richer nations. The two leaders said that key players such as the US and the EU should make substantial cuts in their farm subsidies in order to establish a market-oriented and fair trading system particularly in the agricultural sector. Moreover, an improvement in their offers would also help fuel the stalled negotiations.

Meanwhile, Maxim Medvedkov said that discussions concerning the Doha round of global trade talks were continuing. He added that the next round would be held the following week. According to him, both the US President George W. Bush and Russian President Vladimir Putin would be setting a new target after completing their trade negotiations this month. Meanwhile, Russian Economy Minister German Gref was quoted as saying that the discussions concerning certain trade issues were progressing. It must be noted that the US has urged the Russian government to make its market more accessible

id that key players such as the US and the EU should make substantial cuts in their farm subsidies in order to establish a market-oriented and fair trading system particularly in the agricultural sector. Moreover, an improvement in their offers would also help fuel the stalled negotiations.

Meanwhile, Maxim Medvedkov said that discussions concerning the Doha round of global trade talks were continuing. He added that the next round would be held the following week. According to him, both the US President George W. Bush and Russian President Vladimir Putin would be setting a new target after completing their trade negotiations this month. Meanwhile, Russian Economy Minister German Gref was quoted as saying that the discussions concerning certain trade issues were progressing. It must be noted that the US has urged the Russian government to make its market more accessible

ld be held the following week. According to him, both the US President George W. Bush and Russian President Vladimir Putin would be setting a new target after completing their trade negotiations this month. Meanwhile, Russian Economy Minister German Gref was quoted as saying that the discussions concerning certain trade issues were progressing. It must be noted that the US has urged the Russian government to make its market more accessible to US farm goods. Moreover, the US also called for Russia to address piracy, as well as open its financial services markets to foreign investors. Russia has been negotiating for 13 years regarding its accession to the WTO. It is the only developed economy outside the global trade bloc.