Biofuel demand will make WTO accord possible

The booming demand for corn as a fuel source will make it easier for the US to agree to cuts in farm subsidies, making a new global trade agreement possible this year, the US ambassador to the EU said.

„I am very confident that we are going to get a deal,” C. Boyden Gray told reporters in Washington yesterday. „This whole alternative energy revolution is taking hold.” „This will take the whole issue of agriculture off the table as a sticking point” between the US and European Union, Gray said. Gray was in Washington for the summit between US President George W. Bush yesterday and European Commission President Jose Manuel Barroso. Both leaders reaffirmed their support for the negotiations in the World Trade Organization.
BBJ