Developing countries can compromise to reach a global trade deal but the US and European Union have to concede much more ground to get talks going again, India’s commerce minister said on Wednesday.
The US needed to scale back its farm subsidies radically to prevent distortions in world trade, said Kamal Nath, one of the “Group of Four” core negotiating partners in the so-called Doha round of trade talks.

Davos 2007: January 24-28 

