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'WTO Failure Reflects Changing Global Power Relations'

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At www.spiegel.de

The WTO efforts to strike a new global trade pact ended in failure on Tuesday, after the US resisted what is saw as protectionism from China and India. German papers on Wednesday are gloomy about the impact on the global economy. The deal hit a fatal snag when the United States refused to allow China and India a loophole that would have protected farmers from a sudden surge in imports.

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At www.spiegel.de


 

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