Archive - Mar 22, 2006 - Article

As fundamental differences continue to stall progress in the World Trade Organization's Doha Development Round of trade talks, a senior official from the Indian Ministry of Commerce and Industry said March 20 that India would rather see the talks fail than accept an agreement that went against its interests.

Today, the hearing, in relation to the political prosecution against WTO protestors, was ended after all the witnesses finished the testimonies and the final submission by both prosecutor and defending lawyer.

Billions of dollars of World Bank money to promote trade in poorer countries has given disappointing returns in alleviating poverty, an independent study said Wednesday. Over three decades of trade assistance, the global lender has failed to do enough to cushion the blow of liberalisation on poorer citizens in targeted countries, the World Bank's Independent Evaluation Group (IEG) said.