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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumstalks on global free trade collapse in geneva
http://hosted.ap.org/dynamic/stories/E/EU_WTO_TRADE_DEAL?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-11-26-17-11-28GENEVA (AP) -- Negotiators came close but failed Tuesday to clinch a free-trade deal that could have helped boost the world economy by $1 trillion a year and cleared the way for a broader global agreement.
Diplomats from the World Trade Organization's 159 members had been trying to forge an agreement before a trade ministers' meeting next week in Bali, Indonesia. Achieving a deal in Bali is seen as a final effort to revive a broader 12-year effort to ease global trade rules.
The mini-deal discussed in Geneva had been intended, in part, to reduce delays and inefficiencies at national borders. Making it easier to move goods across borders could boost the global economy by nearly $1 trillion a year and support 21 million jobs, according to a report co-written by Jeffrey Schott, a senior fellow in international trade at the Peterson Institute for International Economics.
The lack of a global deal hasn't prevented individual countries from seeking agreements among themselves. But experts say the failure to reach a global deal leaves poorer countries worse off.
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talks on global free trade collapse in geneva (Original Post)
xchrom
Nov 2013
OP
sendero
(28,552 posts)1. Sounds like a solid...
..... to me.
GeorgeGist
(25,294 posts)2. That would be the PETER Peterson Institute for International Economics!
The mini-deal discussed in Geneva had been intended, in part, to reduce delays and inefficiencies at national borders. Making it easier to move goods across borders could boost the global economy by nearly $1 trillion a year and support 21 million jobs, according to a report co-written by Jeffrey Schott, a senior fellow in international trade at the Peterson Institute for International Economics.
GeorgeGist
(25,294 posts)3. Propaganda piece
LuvNewcastle
(16,820 posts)5. +1
annabanana
(52,791 posts)4. good . . . n/t
LuvNewcastle
(16,820 posts)6. We don't need global trade until international labor has as much
power as international corporations.
bemildred
(90,061 posts)7. Good. nt