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Trade talks collapse

Jul 29 2008 17:57

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Geneva - Trade officials say a high-level summit to salvage a global trade pact has collapsed, after the United States, China and India failed to compromise on farm import rules.

Trade officials from a rich and an emerging country told The Associated Press that a meeting of seven commercial powers collapsed at the World Trade Organization on Tuesday.

They said the US dispute with China and India over farm import safeguards had effectively ended any hope of a breakthrough.

Negotiators were hoping for a deal this week on farm and industrial trade, so that crisis-ridden WTO talks could be saved. They were launched in 2001, but have repeatedly stalled amid deep divisions between rich and poor nations.

- Sapa-AP

 
 
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