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Mandelson expresses optimism about trade deal

Posted : Thu, 03 Apr 2008 13:39:00 GMT
By : DPA
Category : Africa (World)
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Berlin - European Trade Commissioner Peter Mandelson expressed optimism Thursday about restarting the stalled global talks on trade liberalization with a possible breakthrough in negotiations next month. "We are not yet at the end of the road," he said at a press briefing in Berlin. "There will be tough talking and hard negotiations."

The last round of the long-running trade talks broke down in the middle of last year over a dispute between developing countries and the industrialized world over opening up farm markets.

Mandelson expressed the hope of a breakthrough next month in the talks on industrial and rural issues.

He told reporters that from conversations he has had with several world leaders he believed that there was a strong political will to sign off on a trade deal.

But he warned: "Those playing for time are playing with fire."

He went on to say: "The longer it takes to complete the agreement this year the weaker becomes the incentive to complete it."

However, as European Trade Commissioner, Mandelson also said he would "not recommend a deal at any price and on any conditions."

Copyright DPA

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