The EU has vowed that it will more than match a US offer to cut controversial agricultural subsidies and tariffs. In an effort to revive stalled World Trade Organization (WTO) talks, US Trade Representative Rob Portman said the US would cut farm subsidies by 60%. EU Trade Commissioner Peter Mandelson responded by saying that the EU "will match, and indeed go substantially beyond" that reduction. The WTO meeting in Zurich aims to bring about a trade treaty by year-end.
BBC.
BBC.