Peter Gallagher

Another cold shower for WTO: last week’s attempt in Geneva to sketch out some ‘com­mon ground’ failed. National nego­ti­at­ing teams were said to be shocked (yes, ‘shocked’) by the size of the gaps between national positions.

“… nine years into the mul­ti­lat­eral trade talks, it remains unclear whether the invi­o­lable ‘red lines’ of promi­nent WTO mem­bers over­lap enough to make a Doha Round agree­ment pos­si­ble” Extract from ICTSD

Luck­ily, the stock mar­ket seems unfussed; it gave up not a jot in response.