EU 'Heartbroken' over Failed Trade Talks

The WTO Doha talks collapsed on July 29, with the U.S. unable to come to an agreement with China and India over price-protection tariffs for farmers Global trade talks have collapsed as divisions between the US and India over emergency protections for poor farmers proved insurmountable. The so-called Doha Round of World Trade Organisation talks, which had limped into their second week of what had widely been described as "gruelling" negotiations, were derailed late on Tuesday (29 July) due to disagreement between the US and China and India over a "special safeguard mechanism" that would allow developing countries to temporarily protect their farmers from sudden surges in imports by raising tariffs. The US blamed the two countries for rejecting a compromise on the mechanism devised by WTO secretary-general Pascal Lamy and... [read full story]