Everyoneknows that such a dealrequires deeper reductionsinfarmsubsidies than America has so far offered, as well as bigger tariffcuts from the European Unionandemergingeconomies.
He praises Jean Monnet's dream of Europe proceeding via tariffunion through monetary union to political union, and says European leaders should make this a reality.
In addition, World Bank research showed that some 62% of Chinese exports to America and 48% of exports to the European Union faced non-tariff barriers in 1993.