WTO global trade talks collapse

[spindrifter]

Aljazeera--Monday 24 July 2006, 22:39 Makka Time, 19:39 GMT

The Doha round of global trade talks in Geneva has collapsed after top powers failed to agree on steps to free up trade.

<snip>

The complex talks were launched in Doha, Qatar, five-years ago in a drive and described as a "once-in-a-generation chance" to boost the global economy and lift millions out of poverty worldwide.

But the Doha round stalled after 14 hours of talks between the G6 members - the US, EU, Brazil, Australia, Japan and India - yielded no breakthrough in reducing farm subsidies and lowering agricultural tariffs.

Peter Mandelson, the EU trade commissioner, told journalists that Washington had been "unwilling to accept or indeed to acknowledge the flexibility shown by others."

http://english.aljazeera.net/NR/exeres/9952A3CE-4FEA-4057-B1C7-647C8D26FB5F.htm

[whistle]

1. Bush really fucked up world trade, so much for free markets

...and cheap Wal Mart imports from China

[brokensymmetry]

2. If it's bad for WalMart....

it's good for everyone else.

Sorry, but globalization has hurt a lot of people.
And it just keeps getting worse.

[Webster Green]

3. Good!.......Fuck the WTO!!

Fuck all the fat cats!