WTO chief says no chance of global trade deal

[unhappycamper]

http://www.thenewstribune.com/2013/11/26/2915097/wto-chief-says-no-chance-of-global.html

WTO chief says no chance of global trade deal
By JOHN HEILPRIN
Associated Press
November 26, 2013 Updated 5 minutes ago

GENEVA — Negotiators have failed to craft the first global trade deal in more than a decade, which could have given the world economy a $1 trillion boost, the director-general of the World Trade Organization said Tuesday.

Roberto Azevedo said diplomats from the WTO's 159 members tried hard but "cannot cross the finish line here in Geneva" ahead of a summit where ministers were to have signed the deal in Bali, Indonesia next week.

The diplomats became deadlocked over the details in the past few days and there remains so much disagreement that several more weeks of negotiations could close the gaps and it will not be possible to negotiate the final details in Bali, he said.

"Holding negotiations in the short time we'll have in Bali would be simply impractical with over 100 ministers around the table," he said.

[Demeter]

1. NO TPP either!

From his lips to God's ears!