WTO's Lamy says world trade deal doable this year

1/06/2008 - 18:26

AREQUIPA, Peru (Reuters) - World Trade Organization Director-General Pascal Lamy said on Sunday developed and developing nations could still wrap up the Doha round of talks on a global trade deal this year.

"I still believe its doable this year," Lamy told Reuters on the sidelines of a meeting of trade ministers from the 21-member Asia-Pacific Economic Cooperation forum in the southern Peruvian city of Arequipa.

"We know how to get there. We need to cross this bridge of agricultural subsidies, industrial tariffs and agricultural tariffs soon, now, because otherwise we will not have enough time to cross this bridge to finish the road."

(Reporting by Jean Luis Arce; Writing by Pav Jordan; Editing by Eric Beech)

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