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Marathon WTO talks collapse in US-India farm row
(Agencies)
Updated: 2008-07-30 11:00 GENEVA -- Marathon talks on a new global trade pact collapsed on Tuesday as the United States and India refused to compromise over a proposal to help poor farmers deal with floods of imports.
"This is a very painful failure and a real setback for the global economy at a time when we really needed some good news," an emotional EU Trade Commissioner Peter Mandelson told reporters, adding that developing countries would suffer most. |