China is ready to 'fully engage' in intensive negotiations agreed on Tuesday by the World Trade Organization to cut subsidies on fishing by year-end, sources following the talks said.
GENEVA - China is ready to “fully engage” in intensive negotiations agreed on Tuesday by the World Trade Organization to cut subsidies on fishing by year-end, sources following the talks said.
The WTO’s 164 members are set to start “continuous negotiations” in September based on a draft text with a view to getting a deal by December. One source said four week-long negotiating rounds were planned with all parties and other talks on the sidelines. China’s ambassador Zhang Xiangchen told the closed-door meeting he supported the timetable of work towards a deal and was “ready to fully engage in intensive negotiations”, two trade officials said.
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