Why Free Trade Talks Are In Free Fall

The developing nations made a miscalculation that hurt their chances

Time is rapidly running out on the current round of free-trade talks, which began in Doha, Qatar, in the shadow of September 11 as a global mission to promote development in poor countries through trade. Negotiators missed a key April deadline. Pascal Lamy, director-general of the World Trade Organization, says the talks are in a ``red zone'' and could fail unless a deal is struck by the end of this year.

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