GENEVA, April 28 (Reuters) - The European Union launched a bid to rescue stalled global free trade talks on Thursday with a compromise proposal on the main sticking point -- industrial tariffs.
The proposal, a copy of which was obtained by Reuters, aims to strike middle ground between the United States and major emerging economies, especially China.
Using the technical language and complex formulae of global trade, the two-and-a-half page plan focuses on tariffs for chemicals, machinery and electronics and seeks an approach that is tailored for each sector. (Reporting by Andrew Callus in Geneva and Doug Palmer in Washington; Editing by Stephanie Nebehay and Tim Pearce)