GENEVA - Prospects for World Trade Organisation deals aimed at resolving some of the global economy's most pressing but politically thorny issues hung in the balance as the trade body extended by a day its ministerial conference in Geneva.
He also insisted members water down the WTO's subsidy rules for government-backed food-purchasing programmes aimed at feeding poor citizens, according to a separate statement. "We are getting to the tough spot of the negotiations now," WTO Spokesman Dan Pruzin said in a press briefing late on Tuesday.The WTO has operated for more than a quarter century on the basis of consensus decision-making - meaning any one member's veto can scuttle agreements.
"We feel that without agreeing to the 25-year transition period, it will be impossible for us to finalise the negotiations, as policy space is essential for the long-term sustainable growth and prosperity of our low-income fishermen," Mr Goyal said.
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