Comprehensive analysis of implications of global trade talks collapse
07.30.2008
When world trade talks collapsed after nine days on July 30, Reuters provided clients with unrivalled analysis and insight to explain the implications for global trade and exporting nations - all within 30 minutes of the news breaking. There was an ‘instant analysis’ of what the failure meant — damage to the World Trade Organisation’s credibility and a greater reliance on regional deals, harm to business sentiment and a possible increase in protectionism. That piece also explored the changing balance of economic power, as nations in Asia and Latin America grow in influence, and the fault lines running through the European Union. There was an instant breakdown of the winners and losers. There was a sketch of the main negotiators and an inside view of how diplomats pushed to the limit in the marathon negotiations that finally foundered on a U.S.-India farm dispute. The ensuing hours brought in-depth analysis of the possible fall-out on climate talks, the WTO’s future role and the likely impact on Brazil’s economy. The competition - newswires, broadsheets and specialist publications - didn’t come close.