Word: punta
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Dates: during 1990-1999
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...give the institution new life, some 100 nations representing more than 85% of world trade are engaged in the most ambitious trade-liberalizing talks ever, which began four years ago at the Uruguayan beach resort of Punta del Este. But with only two months left to complete the negotiations, the lofty spirit of the so-called Uruguay Round is bogged down in protectionist politics. The sticking points: how to limit agricultural subsidies, reduce protection for textiles and write new rules for trade in services. Last week President Bush warned against a breakdown in the talks. The Uruguay Round, he said...