Trade ministers from 30 nations failed to...
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Trade ministers from 30 nations failed to make significant progress toward an agreed reduction of farm subsidies. Martin Bangemann, West Germany’s economics minister told reporters at Konstanz that participants considered a U.S. proposal to abolish all farm subsidies by 2000 as unachievable. But, Bangemann added, progress was made on other trade issues in the four-year negotiations, which reach their midpoint in December with a formal ministerial meeting in Montreal.
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