Sunday, July 22, 2007

After Six Years, the Global Trade Talks Are Just That: Talk


Soon after Sept. 11, 2001, the United States helped start a round of global trade talks aimed at getting rich countries to lower trade barriers so that poor countries could prosper by exporting goods, not terrorism. But it was never that simple.

Celso Amorim is the Brazilian foreign minister and trade envoy.

Six years later, the trade talks are on life support, suffering from so many disputes that like the victim in Agatha Christie’s “Murder on the Orient Express,” almost everyone could be guilty of killing them off.

There are disputes pitting Europe against the United States, rich countries against poor countries, and farming countries against industrial countries.

But a major new factor in the deadlock is a global economic realignment that has vaulted China, India and Brazil into the top tier of the world’s emerging markets, much to the concern of other developing countries like Mexico, Chile and Thailand.

See full Article.