Truemors
World trade talks reportedly fail
Marathon talks in Geneva aimed at liberalising global trade are reported to have ended without adeal.
The talks collapsed after China, India and the US failed to agree on how to reform farm trading rules, trade officials told Reuters and AP.
Earlier, European Union Trade Commissioner Peter Mandelson said a stalemate was an appalling prospect.
World Trade Organization delegates are trying to ease international trade and boost global economic growth.
An official statement is expected later.
The negotiations had floundered as trade officials gathered for a ninth day.
Repeated failure
This round of trade talks initially started in 2001 with the aim of remedying inequality so that the developing world could benefit from free trade.
They have repeatedly collapsed as developed countries have failed to agree with developing nations on terms of access to each others' markets.
The US and the European Union want greater access to provide services to fast-growing emerging countries, including China and India.
Meanwhile, developing countries want greater access for their agricultural products in Europe and the US.
I just saw this on BBC, can some one flag this as News Wanted.
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