Skip to comments.Doha world trade talks collapse in blow to globalisation
Posted on 07/29/2008 4:20:17 PM PDT by bruinbirdman
The Doha round of world trade talks has collapsed in what one former trade chief called the biggest blow to globalisation since the end of the Cold War.
An emergency World Trade Organisation summit aimed at resuscitating the seven-year long talks broke down in acrimony last night.
Negotiators warned that there was now little or no chance of salvaging the talks, which promised to bring down trade tariffs, pull millions out of poverty and keep food and goods prices under control.
It is the first time a major set of world trade talks has collapsed entirely, and insiders warned that the consequences would be comparatively weaker economic growth and a less globalised world in the coming years.
Insiders said the talks had stumbled after the United States, China and India failed to compromise on the size of their agricultural tariffs.
After nine days of emergency talks in Geneva, WTO chief Pascal Lamy broke the news to ministers from the seven biggest trading blocs that the talks had failed.
At the centre of the dispute were so-called safeguard clauses which allowed developing nations to slap emergency tariffs on imports if they suddenly jumped to unmanageable levels.
US negotiators apparently balked at Indian and Chinese proposals to trigger these safeguards on their cotton exports.
European Trade Commissioner Peter Mandelson said: We have missed the chance to seal the first global pact of a reshaped world order. We would all have been winners from a Doha deal. Without one, we all lose.
This is deeply disturbing, he said. Years of negotiation which were and are important for globalisation have been sacrificed by this failure. And there would appear to be no short-term fix.
(Excerpt) Read more at telegraph.co.uk ...
> a less globalised world
Yes. There is a God.
I swear that I heard the Lew Dobbs radio show today report that Washington agreed to “unlimited” migrant labor for the U.S. “Unlimited” or at least extremely high quotas.
Boo hoo hoo. This is so sad. :-((
Lou Dobbs is a liar and nut who like most demagogues knows better but believes the way to popularity is to play to people’s fears.
I'll drink to that! Prost!
This is deeply disturbing, he said. Years of negotiation which were and are important for globalization have been sacrificed by this failure. And there would appear to be no short-term fix.
Good, actually VERY good. The hell with this "globalization" horse sh!t!
What isn’t widely enough discussed is how France torpedoes the EU’s position. France is not going to cut their subsidies, and they’re pulling more and more EU nations over to their position.
Add in the inflexibility of the PRC and India and there’s no way that even our “give away the candy store” trade negotiators were going to move forward.
As I’ve said before here on FR: none of the big players are going to unilaterally disarm on ag subsidies. Everyone in these trade talks keeps saying “you first” and when the talks fall apart, there’s just circular finger-pointing.
God is a Nationalist.
He did report that the talks collapsed and "his people" reported on the air about some kind of migrant labor agreement [my term "migrant labor"] -- I cannot find anything on that. I do recall that they all urged listeners to contact Congress to stop the labor agreement [my term "labor agreement"]. I do not recall the exact words used to describe the "agreement."
Moving on to all who may be interested..
It is not the evil rich countries swingeing the poor "developing" countries. IT NEVER REALLY WAS ENTIRELY THE FAULT OF THE DEVELOPED COUNTRIES! imo.
"The trade row finally destroyed the fiction beloved by development charities and poverty lobbysits that we live in a world divided between North and South, or rich and poor . . . It is small wonder that India and China are championing the cause of peasants, because governments in both countries fear the wrath of rural communities [600 million in one and 800 million in the other] suffering from rising fuel and food prices and the cost of credit."
Thank God for a less Globalized World. I am more afraid of the globalists than I am of the terrorists. Obama is a globalist, and he is hoping to give away, without charge, the wealth of this nation to his poor African friends.
See Senate bill 2433. He wants just to give away 845 million dollars, even at at time when we can not take care of Americans desperate needs.
I have found this here: The Sydney Morning Herold (AFP)
"States were called to Saturday's talks to indicate how far they will open markets in areas such as international telephone calls and the migration of workers, notably information technology consultants.
EU trade commissioner Peter Mandelson offered a minimum of 80,000 temporary visas per year for foreign workers in the services sector, a diplomatic source said.
Schwab offered to broaden the number of US sectors open to foreign workers, following a tightening of US legislation after the attacks of September 11, 2001.
In return, Washington called for other countries to scrap limits on how much of a company's capital can be held by foreigners, the source said.
Brazil, Canada, Malaysia, Mexico, Pakistan and Thailand all said they would be willing to discuss this, the source added.
Mandelson also referred to "some interesting" offers from China and India.
Anything approved by the 35 parties here would still have to be cleared by all 153 WTO member states. A new global deal can only be adopted with unanimity."
Thanks again and it looks like the H1B fight is on (again!).
He sees the Collapse of the DOHA Round as an opportunity for some Major changes in the Export of American Jobs....