Bye Bye Doha

…acrimonious exchanges with the US accusing India and China of blocking progress.

The US says they are being overly protective towards their own farmers and are failing to do enough to open their markets.

India’s Commerce Minister Kamal Nath rejected the charge, saying: “The US is looking at enhancing its commercial interests whereas I am looking at protecting the livelihood of farmers.”

Chinese Commerce Minister Chen Deming echoed Mr Nath, saying the US was “asking a price as high as heaven”.

The main stumbling block was farm import rules, which allow countries to protect poor farmers by imposing a tariff on certain goods in the event of a drop in prices or a surge in imports.

India, China and the US could not agree on the tariff threshold for such an event.

Full story here.