OTHER NEWS - Oct. 12, 1992

No Agreement in World Trade Talks: A top French official said there was no agreement on the horizon in a bitter trade dispute between the United States and the European Community, although talks are to go ahead today. “We’re going to work again tomorrow,” U.S. Agriculture Secretary Edward Madigan said after two hours of talks with EC Farm Commissioner Ray MacSharry aimed at breaking a deadlock in six years of negotiations on liberalizing world trade. Asked whether he thought a breakthrough was possible, Madigan said: “Well, we’ll know about that tomorrow.” The main sticking points in the Uruguay Round of the General Agreement on Tariffs and Trade are cuts in farm export volumes, compensation to EC farmers for price and output cuts, EC barriers against imports of cereal substitutes and whether the United States should impose unilateral sanctions against trading partners.