It looks like, once again, the rich countries have taken down the trade talks so that they can continue protecting our own markets while prizing open the markets of poor countries.
http://www.washingtonpost.com/wp-dyn/content/article/2006/07/24/AR2006072400427.html
http://news.bbc.co.uk/2/hi/business/5209010.stm
The US, who pretends to be in favour of free markets internally, are anything but free traders overseas, and were responsible for taking these talks down. The EU are little better. The real losers here are the world's poor because although they produce cheaper goods, they cannot sell them because of tarrifs and subsidies of the rich countries.
| Quote: |
| WTO members called a halt to more than five years of commerce liberalization talks Monday as differences over farm aid proved unbridgeable.
Pascal Lamy, director-general of the World Trade Organization, 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. |
http://www.washingtonpost.com/wp-dyn/content/article/2006/07/24/AR2006072400427.html
http://news.bbc.co.uk/2/hi/business/5209010.stm
The US, who pretends to be in favour of free markets internally, are anything but free traders overseas, and were responsible for taking these talks down. The EU are little better. The real losers here are the world's poor because although they produce cheaper goods, they cannot sell them because of tarrifs and subsidies of the rich countries.
