Global Trade Talks Collapse

Geneva

Global Trade Talks Collapse

World Trade Organization (WTO) members called a halt to more than five years of commerce liberalization talks Monday as differences over farm aid could not be compromised.

Pascal Lamy, WTO director-general, said a deal – billed as a recipe for lifting millions of people worldwide out of poverty – would not be reached by the end of the year and there was no new timetable for completing the round.

To view the WTO release on the suspension and hear voice clips from various delegations visit  http://www.wto.org/english/news_e/news06_e/mod06_summary_24july_e.htm

Geneva

Global Trade Talks Collapse

World Trade Organization (WTO) members called a halt to more than five years of commerce liberalization talks Monday as differences over farm aid could not be compromised.

Pascal Lamy, WTO director-general, said a deal – billed as a recipe for lifting millions of people worldwide out of poverty – would not be reached by the end of the year and there was no new timetable for completing the round.

To view the WTO release on the suspension and hear voice clips from various delegations visit  http://www.wto.org/english/news_e/news06_e/mod06_summary_24july_e.htm