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President Bush called Friday for the completion of a new pact easing world trade practices after key talks broke down in Brussels and said the United States was firmly committed to multilateral trade.

Bush said in a statement issued to reporters shortly after he touched down in Caracas on the final leg of a whirlwind tour of Latin America that the world's trading nations had "to develop the political will to negotiate real market opening agreements while there is still time to do so."

Bush said the suspension of the so-called Uruguay Round talks on renewing the General Agreement on Tariffs and Trade "is all the more disappointing given the very constructive attitude taken by many developing countries, particularly many of our friends in Latin America."

The talks were broken off in Brussels Friday when the United States and the European Community had a row over farm subsidies that paralyzed a four-year attempt to lift barriers to world trade.

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