Schwab says US won’t give up on trade talks

Renewed efforts to revive global commerce talks appeared in trouble today as top trading powers said they had failed so far to make progress on thorny issues such as US and European farm support.

WTO chief Pascal Lamy called the series of meetings with ministers from Australia, Brazil, the 25-nation European Union, India, Japan and the United States to try to re-energise the Doha round of trade liberalisation talks.