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Article: Fed: Trade talks collapse is body blow to global economy - Rudd
- Article from:
- AAP General News (Australia)
- Article date:
- July 30, 2008
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AAP General News (Australia)
07-30-2008
Fed: Trade talks collapse is body blow to global economy - Rudd
By Maria Hawthorne, Cathy Alexander and Denis Peters
CANBERRA, July 30 AAP - The collapse of world trade talks is a body blow to the global
economy, Prime Minister Kevin Rudd says.
World Trade Organisation (WTO) officials say the high-level Geneva talks to salvage
a global trade pact caved in after the United States, China and India failed to compromise
on when poor countries could raise import tariffs on farm products.
Industry and farming groups expressed despair at the news, warning that Australian
farmers would remain locked out of markets while the US, India and European Union ...