Thursday, 21 June 2007

WTO Talks in Germany Break Down Over U.S., European Farm Aid, Brazil Says

(Bloomberg) -- Negotiations among four key World
Trade Organization governments over a new global agreement
collapsed today, with India and Brazil blaming U.S. and European
unwillingness to cut farm aid.

Trade and farm ministers from the U.S., the European Union,
India and Brazil have been meeting since June 19 in Potsdam,
Germany, aiming to reach a breakthrough on cutting agriculture
subsidies and lowering hurdles for goods crossing borders.
Discussions were supposed to continue through the weekend and
today's collapse may spell the end of the Doha Round of talks.


Read more at Bloomberg Emerging Markets News

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