This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6227346.stm

The article has changed 6 times. There is an RSS feed of changes available.

Version 2 Version 3
Latest world trade talks collapse Latest world trade talks collapse
(20 minutes later)
The latest negotiations to try to secure a new global trade deal have collapsed without agreement.The latest negotiations to try to secure a new global trade deal have collapsed without agreement.
Trade leaders from the European Union, US, India and Brazil were meeting in Germany to find a breakthrough on the long-delayed Doha round of talks. Trade leaders from the European Union, US, India and Brazil had been meeting in Germany to find a breakthrough on the long-delayed Doha round of talks.
The World Trade Organization has yet to comment on the failure, but both Brazil and India say the EU and US are not offering enough on agriculture. Brazil and India blamed the latest failure on the EU and US not offering enough concessions on agriculture.
India and Brazil want the US and EU to cut farm subsidies and tariffs. The EU and US countered that Brazil and India were not opening up their markets to Western manufactured goods.
Meanwhile, the EU and US want India, Brazil and other developing countries to better open up their markets to Western industrial goods and service companies.
'Useless''Useless'
Brazil's Foreign Minister Celso Amorim said the Brazilian and Indian delegations had walked away from the negotiations in the eastern German city of Potsdam, because they had proved to be "useless".Brazil's Foreign Minister Celso Amorim said the Brazilian and Indian delegations had walked away from the negotiations in the eastern German city of Potsdam, because they had proved to be "useless".
India's Commerce and Industry Minister Kamal Nath added that "there will have to be a substantial attitude change" from the EU and US.India's Commerce and Industry Minister Kamal Nath added that "there will have to be a substantial attitude change" from the EU and US.
"To meet the Doha Round's promise, developed and advanced developing economies need to open their domestic markets for agricultural goods, industrial products, and services," said US Trade Representative Susan Schwab.
"Unfortunately, this week's negotiations could not generate political consensus to meaningfully open markets to new trade - particularly in manufactured goods."
EU Trade Commissioner Peter Mandelson echoed this argument, saying that "while in Europe we are prepared to pay a lot, we cannot do it on less to nothing in return".
The Doha Round of talks - named after the Qatari capital where discussions started in 2001 - have been repeatedly delayed because of continuing disagreements.The Doha Round of talks - named after the Qatari capital where discussions started in 2001 - have been repeatedly delayed because of continuing disagreements.
A key meeting in Hong Kong in December 2005 that was due to have established the final agreement ended in failure, and negotiations have drifted since then, despite a series of follow-up talks.A key meeting in Hong Kong in December 2005 that was due to have established the final agreement ended in failure, and negotiations have drifted since then, despite a series of follow-up talks.
World Trade Organization boss Pascal Lamy recently warned that without a breakthrough very soon, the Doha round could be put on hold for several years. World Trade Organization boss Pascal Lamy recently warned that without a breakthrough very soon, the Doha Round could be put on hold for several years.