GENEVA — World Trade Organization director general Pascal Lamy on Wednesday called for ministers from 35 to 40 trading powers, including the U.S., to meet in Geneva starting July 21 to try and clinch a long-sought deal in the troubled Doha round of talks.
But trade officials are skeptical over the chances an agreement can be reached because major hurdles stand in the way. These include political uncertainties in the U.S. with the upcoming presidential election and last year's nonrenewal by Congress of President Bush's trade promotion authority, divisions within the European Union and the tough stance taken by emerging nations such as Argentina, India and South Africa.
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