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World trade talks stall

AP
July 26, 2006

World Global commerce talks at the World Trade Organization collapsed Monday as top powers failed to agree on steps toward liberalizing trade in farm and manufactured goods.

Indian Trade Minister Kamal Nath said the talks had been suspended and added that "it could take anywhere from months to years" to restart the negotiations, known as the Doha round after the Qatari capital where the talks were launched in 2001.

"This is a serious setback, a major setback," said Brazilian Foreign Minister Celso Amorim.

Peter Mandelson, chief of trade for the European Union, blamed the failure on the United States.

"The United States judged that it would be better for the process to be discontinued at this stage," he said. "This action has led to the round being suspended."

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