Thread: More Good News - WTO Falters Globalism Choking

http://www.nytimes.com/2008/07/30/busin ... de.html?em

After 7 Years, Talks Collapse on World Trade

By STEPHEN CASTLE and MARK LANDLER
Published: July 30, 2008

GENEVA — World trade talks collapsed here on Tuesday after seven years of on-again, off-again negotiations, in the latest sign of India’s and China’s growing might on the world stage and the decreasing ability of the United States to impose its will globally.

Kamal Nath of India said developing nations were concerned for their poor farmers.

Pascal Lamy, director general of the World Trade Organization, could not bridge differences between a group of newly confident developing nations and established Western economic powers. In the end, too few of the real power brokers proved committed enough to make compromises necessary to deliver a deal.

The failure appeared to end, for the near term at least, any hopes of a global deal to further open markets, cut farm subsidies and strengthen the international trading system.

“It is a massive blow to confidence in the global economy,â€

[quote]Mari Elka Pangestu, the Indonesian trade minister, said the failure of the talks reflected the inability of the rich industrial powers to deal with the growing influence of China, India and Brazil in the global economy.

She complained that what she called “a reasonable requestâ€

Yeah, and I think she has her "flexibility" priorities upside down because in 2007 the US over a $10 Billion trade deficit with Indonesia. How would she like to see that swirled around in a hurry to a $10 Billion trade surplus for the US?

I know I would. That's "change I can believe in."

http://www.census.gov/foreign-trade/bal ... .html#2007

Withdraw from the WTO, repeal all these stupid damaging anti-American Free Trade Treason Agreements.