(Bloomberg) -- Negotiations among four key World
Trade Organization governments collapsed today, increasing the
likelihood of failure in broader talks on an agreement that
would add billions of dollars to the global economy.
For the first time, negotiators from the U.S. and the
European Union and teamed up and accused their Indian and
Brazilian counterparts of being intransigent and offering
nothing new to unblock trade talks that have dragged on for
almost six years. India and Brazil blamed U.S. and European
unwillingness to cut farm aid and import duties on commodities.
Read more at Bloomberg Emerging Markets News
Trade Organization governments collapsed today, increasing the
likelihood of failure in broader talks on an agreement that
would add billions of dollars to the global economy.
For the first time, negotiators from the U.S. and the
European Union and teamed up and accused their Indian and
Brazilian counterparts of being intransigent and offering
nothing new to unblock trade talks that have dragged on for
almost six years. India and Brazil blamed U.S. and European
unwillingness to cut farm aid and import duties on commodities.
Read more at Bloomberg Emerging Markets News
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