Good News: WTO Talks Fail

A bit late, but….

This is a good thing.

The rules are about making bankers rich, depressing wages, and imposing neo-colonial regimes on less developed countries.

Until we redefine what free trade should be, and it shouldn’t be denying drugs to babies in Guatemala, progress should stop.

WTO talks stumble, raising doubts over future of Doha pact

U.S. blames Brazil and India for asking for impossible concessions; future of World Trade Organization’s Doha pact in question.
June 21 2007: 1:23 PM EDT

POTSDAM, Germany (Reuters) — The future of World Trade Organization’s Doha pact is under doubt, EU Trade Commissioner Peter Mandelson said Thursday, as talks between the United States, European Union, India and Brazil broke down.

“It places a very major question mark on the ability of the wider membership of the WTO to complete this round,” Mandelson told a press conference in Potsdam. “It does not in itself mean that the negotiations cannot be put back on track.”

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