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Bernard English

Bernard English
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Saturday, August 2, 2008

WTO: Why India and China Said No to U.S. by Bruce Einhorn and Mehul SrivastavaFROM BusinessWeek

"Following the collapse of the latest global trade talks, though, the two Asian giants find themselves in the same boat. The negotiations over the World Trade Organization's Doha Round of trade liberalization came to an inglorious halt July 29 amid disagreements about agricultural subsidies. The U.S. blames what it sees as intransigence on the part of India and China. Other nations are scolding New Delhi and Beijing, too. For instance, rather than concentrating on helping to address global concerns, India and China "focused too much on their own interests," Japan's Chief Cabinet Secretary Nobutaka Machimura told a news conference on July 30."

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