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Developed countries should travel to the World Trade Organization'sministerial meeting in Cancun with a strategic plan to lowersubsidies and tariffs in order to finish the Doha round on time.Without real change, much of the developing world will continue tobe frozen out of the West's markets and be consigned to furtherdecades of poverty.
Trading Places: Rinehart makes play for Warrego Energy, Whitehaven gets new substantial shareholder
Australian shares eased as protests in China against COVID-19 restrictions prompted investor caution, sending oil prices to their lowest in nearly a year.
At the September 10-14 World Trade Organization meeting in Cancun,U.S. Trade Representative Robert Zoellick should work to ensurethat the final version of the agreed framework is as close to hisoriginal July 2002 proposal as possible and push WTO members,particularly the European Union, to reduce subsidies and tariffsand improve market access. In short, he should pressure Europe tooffer real agricultural reform.
Prices of exported coal have skyrocketed to records and futures contracts suggest they’ll remain at historic highs for years to come.