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Zoellick hopes fresh proposals can lead to world trade deal (2)
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11:40, July 21, 2007

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The global community should stay focused on the prize, Zoellick said. "If the draft texts eventually become the basis of an agreement, all economies should be able to benefit."

The Doha Round talks had been revived in February and suffered another jolt last month when the key negotiators -- the United States, European union, India and Brazil -- failed to agree on the extent of tariff and export subsidy cuts.

Representatives of the WTO''s 150 members are due to meet in negotiating groups next week in Geneva, Switzerland, to give their initial reactions to the proposals, according to news reports.

"The World Bank wants to support the negotiators from all countries -- but especially the poorest -- to gain from a successful negotiation," Zoellick said in the statement.

Source: Xinhua
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