Western governments suspend talks on new export credit rules

Vice-ministers from China, India, Russia, South Africa, Indonesia, Israel and Malaysia did not sign on to the statement, highlighting the rift between members.

WASHINGTON: Eleven of 18 governments trying to negotiate new export credit rules said on Thursday they were suspending technical talks because of widely divergent positions among members and troubles with transparency.

But in a joint statement, the 11 Western governments including the United States, European Union and Japan said that they remain open to a high-level meeting in a year and to discussing proposals at the vice-ministerial level.