From The BBC:
Marathon talks in Geneva aimed at liberalising global trade are reported to have ended without a deal.
The talks collapsed after China, India and the US failed to agree on how to reform farm trading rules, trade officials told Reuters and AP.
Earlier, European Union Trade Commissioner Peter Mandelson said a stalemate was an appalling prospect.
World Trade Organization delegates are trying to ease international trade and boost global economic growth.
An official statement is expected later.
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My Comment: The failure of these talks will increase economic and trade tensions in the world. World peace and stability is dependent on open trade barriers and borders. Limitations on this trade will only inhibit growth in some countries, and raise the costs for others. At least the coming recession will bring down the world price for oil.
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