Cancun WTO trade talks fail: Poorer nations refuse to sign deal that offers only timid cuts to farm subsidies

"...'The talks ran out of steam because, for the first time in WTO history, developing countries refused to let the United States and Europe steer negotiations to suit their interests, said Ottawa trade consultant Peter Clark.
A new "G22" bloc of developing countries led by Brazil -- and backed by China, a growing economic powerhouse that recently joined the WTO -- emerged as an immovable object to the usually unstoppable force of will that is Washington and Brussels. African, Pacific Rim and Caribbean countries also banded together in an informal alliance. "This signals that developing countries are tired of negotiations being stage-managed and having deals imposed on them," Mr. Clark said..."

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