Talks to reach the first global trade deal in the WTO’s 18-year life are at risk of collapsing unless members can narrow differences ahead of next week’s ministerial meeting in Bali, the group’s chief has warned.
After weeks of talks, negotiators in Geneva were last week on the cusp of a deal after the US and leading developing economies appeared to resolve stand-offs on agriculture and development issues.
But marathon talks over the weekend about what most see as the main pillar of a Bali deal – new global rules to reduce red tape at borders – failed to reach an agreement. Participants said they feared India might seek to reopen negotiations on a contentious food security programme.
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