7.01.2006

WTO talks fail to make breakthrough

This probably ought to be read in tandem with the DATA Report I just linked:
"Developing countries placed the blame for the standoff squarely on the EU and the United States, saying that those wealthy nations were pursuing their own interests and ignoring measures that would alleviate poverty. As the mainstay of many poor and developing countries, farm trade has been the biggest stumbling block to the talks. Poorer nations face steep tariffs on their exports to several rich nations. Those costs are compounded by subsidies paid to farmers in wealthy countries, which encourage excess production and lead to a swamped market."

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