[roccman]

Link

JOHANNESBURG (Business Day) --Hopes of saving a world trade deal were dashed when World Trade Organisation (WTO) talks collapsed last night in Geneva, dealing a major blow to the global economy and raising questions over the continued viability of the WTO.

The meeting was the last chance to strike a deal on cutting tariffs and subsidies in agriculture and manufactured goods before the US presidential election in November.

Talks collapsed when the main protagonists — the U.S. and India, with the latter supported by China and Indonesia — failed to reach a compromise on a measure to shield developing countries against massive agricultural import increases.



SA’s chief trade negotiator, Xavier Carim, said essential gains would be lost, which could have grave implications for the trading system and the WTO.

Hmmmmm...

[CarlosFerreira]

A power shift to the East or globalization in Jeopardy?

Here's a link provided by a friend.

[Concerned]

Dealing a "major" blow to the global economy LOL.

So rich Western corporations / governments are no longer able to run as easily rough shod over once much poorer nations. My heart bleeds...

Lets crank development, profits, capital and growth. I wonder where it will all end

[CarlosFerreira]

Dealing a "major" blow to the global economy LOL.

So rich Western corporations / governments are no longer able to run as easily rough shod over once much poorer nations. My heart bleeds...

Lets crank development, profits, capital and growth. I wonder where it will all end

No money in the west, no food in the east. Yeeehaa!

You want great blame throwing? Try this on for good measure

Peter Mandelson, European Union trade commissioner, said: ”I realise that you will ask who is to blame for this failure. The answer of course is that it is a collective failure.”

But Mr Mandelson said that the agriculture talks had been harmed by the five-year programme of agricultural subsidies recently passed by the US Congress, which he said was ”one of the most reactionary farm bills in the history of the US”, though he did give credit to President George W.Bush for attempting to veto the bill.

And that's from the Financial Times. Hell, hadn't heard the "r" word since the last coffee with my commie friends!

Link

[Concerned]

Dealing a "major" blow to the global economy LOL.

So rich Western corporations / governments are no longer able to run as easily rough shod over once much poorer nations. My heart bleeds...

Lets crank development, profits, capital and growth. I wonder where it will all end

No money in the west, no food in the east. Yeeehaa!

You want great blame throwing? Try this on for good measure

They say ignorance is bliss, you must be on cloud 9. Time for people to wake up and smell the coffee in Brazil.

http://www.counterpunch.com/weissman07312008.html

By the way, it's not as if this is a North vs. South, rich country vs. poor country issue. Although there have been multiple lines of fragmentation in the Doha negotiations, the best way to understand what's going on is that the rich country governments are driving the agenda to advance corporate interests, not those of their populations. That's why there is so little public support for the Doha trade agenda, in both rich and poor countries.