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Inside the WTO's collapsed deal

World's poor dodged disastrous policies when world trade talks failed.

World Trade Organization Director General Pascal Lamy.by Ellen Gould, The Tyee

August 4, 2008 — On July 21, the World Trade Organization held yet another meeting billed as a "do or die" effort to pull off a new global trade deal. Since the Doha round of talks were launched in Qatar seven years ago, trade ministers have met five times to work on an agreement. The ministerial meeting held last summer was charged with a sense of urgency, with warnings that this might be the last chance to hammer out a deal. So the hype about how this summer's meeting represented a "moment of truth" for the negotiations seemed like an overused ploy to get negotiators to resolve their differences.

This time, though, negotiators' inability to reach a deal seems more serious, with key figures appearing genuinely deflated at the outcome. WTO Director General Pascal Lamy said that "there is no escaping the fact that this meeting has failed," and that the multilateral trading system came out of it "dented.". . .

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  Inside the WTO's Collapsed Deal, by Ellen Gould, The Tyee, August 4, 2008

Posted: August 14, 2008

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