World leaders are once again set to meet in Delhi in an effort to break the deadlock to revive stalled global trade negotiations. Trade ministers from India, the US, the European Union and Brazil will meet in order to make consensus to make some progress to revive the stalled negotiations, before four days of formal talks. The meeting will mark the first time trade ministers of the G-4 group of nations have met since the Doha Round of world trade talks collapsed last July, when the US refused to cede more ground in cutting farm subsidies. Indian Commerce ministry spokeswoman Shipra Biswas said, ‘The ministers will hold bilateral meetings today before formal four-way talks tomorrow at which they will discuss steps needed to ‘enable a successful conclusion of the Doha Round’. An accord between the world’s two biggest economic powers, the US and EU, and the two important developing nations India and Brazil, is perceived as vital to optimism of making a compromise among the WTO’s 150 members this year. In the meanwhile, EU Trade Commissioner Peter Mandelson, ahead of the latest attempt to find common ground, said, ‘We need to intensify and accelerate the process of negotiation. If we fail, Doha’s prospects for this year will be lost’. Developing nations are pressing the US and other wealthy nations to reduce farm subsidies substantially. At the same time poorer countries are being pressurized to allow more access to their markets. DH Pai Panandiker, president of Indian RPG Foundation said, ‘There doesn’t seem to be any willingness to compromise so in that kind of situation, it’s difficult to expect any favorable outcome’.