The international free trade negotiations, which could have led to a large increase in trade between countries, has collapsed, because of disagreements between India and China on the one and the USA on the other side. Apparently, nations could not agree on a safety mechanism which would have protected farmers in developing countries from a flooding of their markets by agricultural products from developed countries. Who is at fault? Or is there no sense in asking that question? After all, each government has to protect its citizens. However, whoever is responsible, the world’s poor will suffer most.

See here: http://www.ft.com/cms/s/0/d04389e4-5dcd-11dd-8129-000077b07658.html

This entry was posted on Saturday, August 2nd, 2008 at 7:54 am and is filed under politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.