"A major final push will be needed to close the gaps but, with the right spirit, there is now a deal on the table to be seized," said Zoellick, a former chief US trade negotiator.

Negotiators at the WTO issued Tuesday proposals on agricultural and industrial trade to revive the Doha Development Round, dedicated to reducing global trade barriers and encouraging development.

Under the proposals, the US would cut farm subsidies to below 16.2 billion dollars a year, compared with a current ceiling of 19 billion dollars, and 27 developing nations would reduce industrial import tariffs to less than 23 percent.

The proposals came one month after the failure of a meeting between representatives of the United States, the European Union, Brazil and India to unblock the Doha Round, which was launched in the Qatari capital in 2001.

Representatives of the WTO's 150 members are due to meet in negotiating groups next week in Geneva, Switzerland, to give their initial reactions to the proposals.