World Trade

Part of Oral Answers to Questions — Treasury – in the House of Commons at 10:30 am on 14th June 2007.

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Photo of Gordon Brown Gordon Brown The Chancellor of the Exchequer 10:30 am, 14th June 2007

I am grateful to my hon. Friend, who has taken an interest in both the trade deal and in what is happening as a result of trade to developing countries. I believe that there is still a window of opportunity for a trade deal. A meeting of all the major negotiators is to be held next Wednesday, and it is incumbent on all the major parties—that is, Europe, America, India and Brazil—to see what they can do in the next few days to move matters forward. The failure to reach a world trade deal will allow protectionist forces to grow, and I hope there will be all-party support for pushing forward with moves that will make possible a trade deal in the not too distant future.