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| World trade talks 'failed again' | |
| (19 minutes later) | |
| Marathon talks in Geneva aimed at liberalising global trade are reported to have ended without agreement. | Marathon talks in Geneva aimed at liberalising global trade are reported to have ended without agreement. |
| The trade talks collapsed after China, India and the US failed to agree on import rules, trade officials told news agencies Reuters and AP. | The trade talks collapsed after China, India and the US failed to agree on import rules, trade officials told news agencies Reuters and AP. |
| Earlier, European Union Trade Commissioner Peter Mandelson warned a stalemate was an "appalling" prospect. | Earlier, European Union Trade Commissioner Peter Mandelson warned a stalemate was an "appalling" prospect. |
| The talks were launched in 2001 in Doha and were seen as providing a cornerstone for future global trade. | The talks were launched in 2001 in Doha and were seen as providing a cornerstone for future global trade. |
| An official statement is expected later after ministers have concluded a meeting. | An official statement is expected later after ministers have concluded a meeting. |
| The negotiations had floundered as trade officials gathered for a ninth day. | The negotiations had floundered as trade officials gathered for a ninth day. |
| Repeated failure | Repeated failure |
| The Doha development round of trade talks initially started in 2001 with the aim of remedying inequality so that the developing world could benefit more from freer trade. | The Doha development round of trade talks initially started in 2001 with the aim of remedying inequality so that the developing world could benefit more from freer trade. |
| However, the talks have repeatedly collapsed as developed countries failed to agree with developing nations on terms of access to each others' markets. | However, the talks have repeatedly collapsed as developed countries failed to agree with developing nations on terms of access to each others' markets. |
| The US is looking at enhancing its commercial interests whereas I am looking at protecting the livelihood of farmers Kamal Nath,Indian commerce minister Q&A: Crunch trade talksYour views: Can a deal be reached? | |
| The US and the European Union want greater access to provide services to fast-growing emerging countries, including China and India. | The US and the European Union want greater access to provide services to fast-growing emerging countries, including China and India. |
| Meanwhile, developing countries want greater access for their agricultural products in Europe and the US. | Meanwhile, developing countries want greater access for their agricultural products in Europe and the US. |
| Recent complications | Recent complications |
| Analysts have said that the collapse of the Doha talks could symbolise an end to multilateral trade agreements. | Analysts have said that the collapse of the Doha talks could symbolise an end to multilateral trade agreements. |
| Instead, nations may pursue dual agreements with partner nations, preferring to focus on their own requirements rather than a more common negotiating goal. | Instead, nations may pursue dual agreements with partner nations, preferring to focus on their own requirements rather than a more common negotiating goal. |
| Late night talks have seemingly failed to avoid a talks breakdown. | |
| The talks in Geneva were complicated by recent increases in the price of food and fuel. | The talks in Geneva were complicated by recent increases in the price of food and fuel. |
| Higher prices have prompted protests in both developed and developing nations, making it harder for negotiators to reach a compromise on opening up their markets to greater competition, analysts said. | Higher prices have prompted protests in both developed and developing nations, making it harder for negotiators to reach a compromise on opening up their markets to greater competition, analysts said. |
| Acrimonious exchanges | Acrimonious exchanges |
| Trade officials struck an optimistic tone on Friday, but this evaporated over the weekend amid acrimonious exchanges with the US accusing India and China of blocking progress. | Trade officials struck an optimistic tone on Friday, but this evaporated over the weekend amid acrimonious exchanges with the US accusing India and China of blocking progress. |
| The US says they are being overly protective towards their own farmers and are failing to do enough to open their markets. | The US says they are being overly protective towards their own farmers and are failing to do enough to open their markets. |
| India's Commerce Minister Kamal Nath rejected the charge, saying: "The US is looking at enhancing its commercial interests whereas I am looking at protecting the livelihood of farmers." | India's Commerce Minister Kamal Nath rejected the charge, saying: "The US is looking at enhancing its commercial interests whereas I am looking at protecting the livelihood of farmers." |
| Chinese Commerce Minister Chen Deming echoed Mr Nath, saying the US was "asking a price as high as heaven". | Chinese Commerce Minister Chen Deming echoed Mr Nath, saying the US was "asking a price as high as heaven". |
| The main stumbling block was farm import rules, which allow countries to protect poor farmers by imposing a tariff on certain goods in the event of a drop in prices or a surge in imports. | The main stumbling block was farm import rules, which allow countries to protect poor farmers by imposing a tariff on certain goods in the event of a drop in prices or a surge in imports. |
| India, China and the US could not agree on the tariff threshold for such an event. | India, China and the US could not agree on the tariff threshold for such an event. |
What | />What is your reaction to the apparent collapse of the trade talks? Where do the negotiators go from here? Send us your comments using the form below. |