WTO talks in Geneva collapse on farm row

July 30th, 2008 - 12:12 am ICT by IANS  

Xinhua
Geneva, July 29 (Xinhua) After nine days of wrangling over farmers’ protection issue, the World Trade Oraganisation (WTO) talks here collapsed, trade sources said Tuesday. Intensive negotiations among the WTO’s seven key members broke up mainly due to sharp differences on SSM (special safeguard mechanism) in the agricultural area, the sources said.

The seven key members include the US, European Union, Australia, Japan, Brazil, India and China.

WTO chief Pascal Lamy informed the attending ministers that convergence could not be reached after nine days of talks.

Trade and agricultural ministers from 35 major WTO members have been meeting in Geneva since July 21, trying to reach an outline agreement on agriculture and NAMA (non-agricultural market access), the two key areas of the Doha Round.
Xinhua

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