Times Online - Business
"The meeting of key ministers at the World Trade Organisation (WTO) Conference in Cancún fell into disarray yesterday after delegates failed to agree on how fast to dismantle $300 billion (£187 billion) in subsidies that wealthy states pay their farmers. The developing countries also rejected demands by the 15-nation EU to start talks on global trade rules on investment, competition policies, the award of government contracts and cutting the red tape and corruption that shackles trade. "