US tries to see positives in trade talks collapse

(Reuters) - The Bush administration is billing the collapse of world trade talks this week as good news for its drive to renew negotiating powers in Congress, but it is not clear that U.S. lawmakers will see things that way.

"By walking away from a bad deal, we are once again able to show the Congress that we can be trusted," U.S. Trade Representative Susan Schwab said on Thursday after U.S., European, Brazilian, and Indian negotiators abandoned talks in the troubled Doha round of trade negotiations.


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Beggar-thy-Neighbor Protectionism May Loom After Doha Talks, Accord or Not

(Bloomberg) -- Deal or no deal, the latest round of
global trade talks may be the last of its kind.

Officials from the U.S., the European Union, India and
Brazil meet this week to try to advance the faltering Doha round
of negotiations. The talks are part of a six-decade push to
liberalize trade that is yielding diminishing returns as
technology and an increasingly integrated global economy render
it less relevant.


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