WTO members overcome impasse, appoint chairs for negotiations

World Trade Organization members have overcome a months-long impasse over who will chair ongoing negotiations to fix new global trade rules for agriculture and fisheries, three trade sources told Reuters on Friday.

They said that members had struck a deal to appoint Iceland's ambassador as head of talks intended to cut billions of dollars of fishing subsidies that are endangering fish stocks. Turkey's ambassador will head the agriculture talks.

The impasse caused by infighting between countries has lasted around six months and was becoming a source of frustration for countries and embarrassment for the 28-year-old global trade watchdog.

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