While supporters of the much troubled Doha Round of the World Trade Organization believe talks may have found their second wind, only the world’s largest economies seem to be breathing. The form of capitalism supported by these countries is resisted by poorer nations, which rightly fear WTO deregulations would disproportionately benefit the wealthy.

The BBC:

Progress has been made at global trade talks and a deal might be possible, negotiators have said.

Earlier, the head of the World Trade Organization warned that the long-running Doha round would fail unless a compromise could be reached.

EU trade commissioner Peter Mandelson and WTO spokesman Keith Rockwell both said there were encouraging signs.

A meeting of the world’s biggest trading nations finished “in a spirit of cooperation”, Mr Rockwell said.

Read more

 Wait, before you go…

If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface.  We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.

Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.

Support Truthdig
In this Article:
#agriculture#capitalism#development#free trade#g8#imf#protest#subsidies#summit#trade deal#world bank#wto